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	<title>deficit &#8211; USA NEWS LIVE</title>
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		<title>Timberwolves deletes 25-point deficit to defeat Thunder 131-128 in additional time</title>
		<link>https://bloggingthree.soflytech.com/2025/02/timberwolves-deletes-25-point-deficit-to-defeat-thunder-131-128-in-additional-time/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Tue, 25 Feb 2025 15:50:10 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[25point]]></category>
		<category><![CDATA[defeat]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[deletes]]></category>
		<category><![CDATA[overtime]]></category>
		<category><![CDATA[Thunder]]></category>
		<category><![CDATA[Timberwolves]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=25213</guid>

					<description><![CDATA[The Minnesota Timberwolves accomplished a fearless comeback perpetually on Monday evening. Minnesota deleted a deficit of 25 points within the third quarter against the western conference in Oklahoma City Thunder (46-11) of the Oklahoma City Thunder of the Western Conference with a view to win a victory of 131-128 additional time within the Paycom Center. [&#8230;]]]></description>
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<p>The Minnesota Timberwolves accomplished a fearless comeback perpetually on Monday evening.</p>
<p>Minnesota deleted a deficit of 25 points within the third quarter against the western conference in Oklahoma City Thunder (46-11) of the Oklahoma City Thunder of the Western Conference with a view to win a victory of 131-128 additional time within the Paycom Center.</p>
<p>With the victory of the wolves (32-27) you snap a two-game skid and, which is much more necessary, closer to the La Clipperers for sixth place within the Western Conference classification.</p>
<p>With almost 20 seconds within the additional time time, the Oklahoma City Guard Shai Gilgeous-Alexander attacked the sting, where it was hit by Minnesota star Anthony Edwards, who remained Gilgeous-Aalexander&#39;s shot with 13 seconds.</p>
<p>The Timberwolves&#39; Terrence Shannon Jr. has regained the loose ball on the option to a deadline in Minnesota with a ten.4 second lead. After two free throws from Naz Reid to place the wolves within the lead by 3, Gilgeous-Alexander raised a controversial 3 pointer to tie it, however the Miss accomplished an epic comeback for Minnesota.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Ants block SGAS game winning attempt <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://t.co/Ap8SEet4VJ">pic.twitter.com/ap8seet4vj</a></p>
<p>&#8211; NBA TV (@nbatv) <a href="https://twitter.com/NBATV/status/1894231438037242331?ref_src=twsrc%5Etfw">February 25, 2025</a></p>
</blockquote>
<p>Jalen Williams converted a layup in slightly below 4 minutes to get the thunder a 16-point lead and apparently sufficient to seal one other victory. The Timberwolves had other ideas.</p>
<p>Williams&#39; Field Goal was the last city in Oklahoma, and the wolves caught simply enough fire to ignite a comeback within the decreasing minutes of the regulation &#8211; every part without Edwards. In the last minute of the fourth quarter, Jaden McDaniel converted one and 1-layup over the Thunder Guard Alex Caruso and drove the sport with a 12 second lead. After the next possession, Nickeil Alexander Walker missed a playful floater attempt on the Summer, which led to additional time.</p>
<p>McDaniels led Minnesota with 27 points, 10 rebounds and 4 assists and Reid added 22 points and 11 rebounds. With an almost three -time double and contributions, Edwards ended 17 points, 13 rebounds and eight templates to round off three starters with double figures. Alexander Walker added 21 points and five rebounds, while Shannon Jr. scored a 17-point double double double from the bank.</p>
<p>Gilgeous-Alexander was also approaching a triple double with a 39-point effort with a 10-point night-night with an efficient 11-von-20 shooting. Williams had 27 points and Aaron Wiggins ended with 19 points and 7 rebounds.</p>
<h2>What does this mean for timber wolves</h2>
<p>Minnesota was certainly one of the worst Clutch teams within the league this season. The wolves lost 21 games within the clutch period, which have been defined inside five points within the last five minutes. This game looked as if the clutch period was nowhere to come back until an unannounced group gathered.</p>
<p>With Edwards on the sidelines with a painful calf, coach Chris Finch said that he almost pulled the plug when she went back to 19 points with 6:28. But Shannon Jr. converted a 3 -point game and one other layup to chop it to 12 at almost five minutes.</p>
<p>&#8220;When we reduced it to 12, I thought we had a chance,&#8221; said Finch. &#8220;I didn&#39;t necessarily have won money for us, but I thought we had a chance.&#8221;</p>
<p>This was the best deficit of the fourth quarter in franchise history in keeping with Elias. Minnesota has also only been the second team since 2002-03 to win a game after winning at 3:45 a.m. Pro Wolves PR for a minimum of 16 points. The only other team that does? The Sacramento Kings did it against Minnesota in 2020.</p>
<p>Finch stuck with a five, including Shannon Jr., Rob Dillingham, Alexander Walker, McDaniels and Reid, and this group gathered to force additional time. The Wolves also missed the starter Julius Randle (groin), Donte Divincenzo (toe) and Rudy Gobert (back), but Minnesota found a option to implement a season that defined.</p>
<p>This season became incoherently since the wolves tried to proceed from Karl anthony cities. But one thing that this team has never done is to be given up. There is a fiber that deserves to glance through this thing. After lost in close games against Houston and Oklahoma City, the wolves needed them to indicate their fans that it shouldn&#8217;t be yet time to offer up.</p>
<p>“We continued to fight. The team is fighting. It always has, ”said Finch. &#8220;We don&#39;t always play the most beautiful basketball, but it has been fighting for a long time.&#8221; &#8211; </p>
<h2>Finch&#39;s movements have finally paid off</h2>
<p>Finch was criticized by some Wolves fans, whereby the team was fighting to regain the shape that had it on the option to the Western Conference Finale last season. He was not all the time capable of find the best installation combos. He also has a part of the team&#39;s coupling.</p>
<p>But Finch made several major decisions within the fourth quarter to win it. At first the wolves began to flash Gilgeous-Alexander with a view to force the ball out of his hands early. They had used an analogous strategy of their previous two victories against the thunder, but Finch said that originally of this game he didn&#39;t wish to use the identical approach because he thought OKC can be ready for it.</p>
<p>In fourth he finally went and used the thunder. Gilgeous-Alexander had only nine points in 3-von-6 shootings within the fourth quarter. His teammates only scored 17 points during this time, in order that the wolves could rain back.</p>
<p>Finch also decided to maintain Edwards on the bench for a big a part of the comeback. The Wolves star needed to struggle in the sport, including 4 free throws. During the fourth quarter, Edwards used a therapeutic massage device on his calf and felt ok to get in an extension in the previous couple of minutes when he had this huge block.</p>
<p>When he rarely has this season, Finch rode the young players and it paid off for him in a giant win. -.</p>
<h2>McDaniels shines while crime is fighting problems</h2>
<p>While the remainder of his team couldn&#8217;t buy a bucket for a lot of the night, McDaniels wore the offensive. He showed more games for games than ever before.</p>
<p>Edwards and Reid couldn&#39;t find their shootout, so McDaniels put every part on his slim shoulders. He made 9 out of 16 shots and all nine free throws.</p>
<p>&#8220;I saw growth,&#8221; said Reid. “I had problems, ant. He was the just one who got his seats, made shots and bounced off. &#8220;</p>
<p>McDaniels is usually the fourth or fifth option on the offensive when the wolves are completely healthy, but it surely shows that it&#8217;s far more able. &#8211; </p>
<p><iframe loading="lazy" style="border-radius: 12px;" src="https://open.spotify.com/embed/episode/65nDTR4cPGESZ1EKOcHaWh?utm_source=generator" width="100%" height="352" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<h2>Required reading</h2>
<p style="text-align: right;">
</div>
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<br /><em>image credit : www.nytimes.com</em></p>
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		<title>Jayson Tatum attributes Celtics from the 26-point deficit to 76s: 6 snack bars</title>
		<link>https://bloggingthree.soflytech.com/2025/02/jayson-tatum-attributes-celtics-from-the-26-point-deficit-to-76s-6-snack-bars/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Mon, 03 Feb 2025 03:10:56 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[26point]]></category>
		<category><![CDATA[76s]]></category>
		<category><![CDATA[attributes]]></category>
		<category><![CDATA[bars]]></category>
		<category><![CDATA[Celtics]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[Jayson]]></category>
		<category><![CDATA[snack]]></category>
		<category><![CDATA[Tatum]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=23846</guid>

					<description><![CDATA[Celtics Jayson Tatum led a large rally on Sunday within the third and fourth quarter and helped the Celtics to beat a deficit within the second half of 26 points and to defeat the Shorthand 76ers 118-110. Here are the snack bars. Jayson Tatum and the Celtics showed slightly Mettle. The Celtics I used to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.boston.com/wp-content/uploads/2025/02/Celtics_76ers_Basketball_52047-67a02bcb95b71-850x638.jpg" /></p>
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<p>								Celtics<br />
							</span></p>
</header>
<p>Jayson Tatum led a large rally on Sunday within the third and fourth quarter and helped the Celtics to beat a deficit within the second half of 26 points and to defeat the Shorthand 76ers 118-110. </p>
<p>Here are the snack bars. </p>
<p><strong>Jayson Tatum and the Celtics showed slightly Mettle.</strong></p>
<p>The <a href="http://boston.com/tag/boston-celtics">Celtics</a> I used to be not at all times essentially the most focused bunch this yr, and for a big a part of the evening, the sport on Sunday after just a few little steps with successive victories against the bulls and pelicans saw back like one other big step. </p>
<p>Then the Celtics 3-pointer met. A 16: 4 run to finish the third quarter lowered the result in 14, and this swing was within the fourth. Sam Hauser met just a few big triple, who continued to go right down to 11 with 10 minutes.</p>
<p>Then Tatum took over, scored 13 of his 35 points within the last framework and brought out three templates. With the Celtics, which were followed by five o&#39;clock at 7:30 a.m., Tatum scored eight points as a part of a ten: 0 run, which raised them to a five-point lead. In the center of this run it was switched to Tyrese Maxey and stayed star step-by-step when dancing on the Sixers after which hit Maxey&#39;s 3-pointer. When the Sixers began to double, he quickly turned back into his role as playmakers &#8211; and pulled out and distributed the defense of teammates. </p>
<p>Tatum ended with 35 points in 13-against-20 shootings (5-to-8 of three) in addition to seven rebounds and 11 assists. </p>
<p>On the one hand, the Celtics looked defensive in the primary half and were ice cold of deep-two aspects that helped the Sixers to construct their 26-point lead. </p>
<p>On the opposite hand, the rally showed an actual resilience and a hunger to win as a team, and it marked her second victory in somewhat exhausting circumstances (although the difficult circumstances were admittedly self -indebted on Sunday).</p>
<p>In a super world, the Celtics wouldn&#8217;t dig right into a 26-point pit against a Sixers team that misses Joel Embbiid and Paul George. Nevertheless, the persistence that&#8217;s needed to dig and win what&#8217;s the biggest rally for a victory throughout the era of Joe Mazzulla War-the form of mentality that a team every now and then has to point out. </p>
<p><strong>The Derrick White counter.</strong></p>
<p>When Tatum made it clear that he would have a special evening on Sunday in the course of the fourth quarter, the Sixers decided to do every little thing they needed to take the ball out of his hands. Instead of just affected by death through a thousand crime cuts, Nick Nurse began to double the star of the Celtics. </p>
<p>This meant that Tatum was so impressive throughout the big rally of the Celtics, they needed other players to hit shots to shut the victory on the route. </p>
<p>Input: <a href="http://boston.com/tag/derrick-white">Derrick White</a>who has proven prior to now two years that it might be the perfect countermeasure of the Celtics when teams double. His two 3-pointers within the fourth quarter-one with 4:29 and one with 2:12 remaining schob each a one-point Celtics back on 4, which gave the Celtics an urgently needed breath. </p>
<p>White also met two of crucial 3-point of the night thread on two possessions within the third quarter, when the Sixers push the result in 26, which prevented the sport from getting out of their hand. </p>
<p><a href="http://boston.com/tag/jaylen-brown">Jaylen Brown</a> Often takes the Celtics on nights, by which Tatum is off, the perfect option of the team when opponents begin to clamp themselves on the superstar of Celtics.</p>
<p>White scored 17 points on Sunday and achieved nine templates. He shot 5-to-9 out of three and marked his fourth game in a row, by which he exceeded 40 percent of Deep.</p>
<p><strong>Jaylen Brown was also in a position to do late.</strong></p>
<p>Tatum will get the headlines (like this!), But we can be on the lookout for Brown because the decisive a part of the Celtics rally-Brown scored six points and issued three templates (including a 3 pointer. A dark and one Layup) within the fourth quarter and ended with 21 points at Tidy 9-against-17 shooting. His 14-foot coat, who remained eight minutes, tied the Celtics run together at a crucial moment, and his dish to Luke Korket with 6:20 gave the Celtics a 1-point lead over three.</p>
<p>Brown added a complete of 10 rebounds and 6 assists and was +17 within the box rating.</p>
<p><strong>Jrue Holiday won the Celtics two challenges.</strong></p>
<p>Players cannot at all times be trustworthy in the event that they request a challenge. Simply ask the Sixers who lost their ability in the primary half in the primary half when Kyle Lowry brought them to a shot after he joined Al Horfords Ellbogen and vehemently protested the following foul. </p>
<p>But <a href="http://boston.com/tag/jrue-holiday">Jrue Holiday</a> Got Matt Reynolds and the Celtics a challenge within the fourth quarter. The first got here with 8:41. After a basket that reduced the Sixers&#39; result in six, the vacation pressed the Inbounds Pass and compelled a turnover that the official initially called on vacation. However, a review showed that it was the Sixers. </p>
<p>Then, with 35 seconds ahead, the vacation-the 3-pointer 3 pointer had just defended Maxey clean when he drove to the tire, however the officers pfhaten the holiday for a foul. Once again, the vacation demanded an assessment, and the Celtics won them again. </p>
<p>The vacation ended with nine points, five rebounds and five assists. </p>
<p><strong>Guerschon Yabusele had an important game. </strong></p>
<p>Celtics fans of a certain age -especially those that have a certain online footprint -may remember the Yabusele madness after being drafted into the Celtics in 2016. Yabusele appears to be an actual NBA player in his second go-around within the league, and he looks like he has an important time. </p>
<p>The bad news for the Celtics is that Yabusele 2024-25 is needed to be a Celtics killer-ton of energy and a degree, great size and footwork (former Celtics assistant Micah Shrewsberry, you might remember With the nickname &#8220;The The The Tanzbär&#8221;) and a 3-point shot, which he now hits 40 percent for the season. </p>
<p>On Sunday, Yabusele scored 21 points at 8-against-13 shooting and was a crucial a part of the good run of the Sixers within the second and third quarter. His massive slam with a hand and subsequent breast fighting-perhaps the last comfortable moment that Sixers fans had on Sunday and would have been viral several times on strange Celtics Twitter than the community lived and thrived. </p>
<figure class="wp-block-embed is-type-rich is-provider-bluesky-embed wp-block-embed-bluesky-embed"></figure>
<p>Yabusele&#39;s big night was the perfect of each worlds for Celtics fans. He looked great and his performance did probably not cost the Celtics.</p>
<p><strong>An enormous matchup threatens.</strong></p>
<p>The Celtics have one other game on their road trip and it&#39;s an enormous rating, however the Cavs have looked slightly wobble these days.</p>
<p>On Thursday, they return to a final crowd against the Dallas Mavericks. If you haven&#39;t heard, this Matchup could look slightly different this time. </p>
</p>
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		<title>Oakland faces severe budget cuts as the town faces a $120 million deficit</title>
		<link>https://bloggingthree.soflytech.com/2024/10/oakland-faces-severe-budget-cuts-as-the-town-faces-a-120-million-deficit/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Sun, 27 Oct 2024 19:42:18 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[City]]></category>
		<category><![CDATA[cuts]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[faces]]></category>
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		<category><![CDATA[severe]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=18088</guid>

					<description><![CDATA[OAKLAND — Whatever happens within the highly contentious Nov. 5 election is not going to change a lingering truth that hangs over the town: Oakland is spending extra money than it makes. Despite an expected $95 million infusion from the town&#39;s coliseum sale next May, Budget Director Bradley Johnson said this week that cuts to [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2023/11/EBT-L-NEWFIRECHIEF-1114-05.jpg?w=1400px&amp;strip=all" /></p>
<div>
<p>OAKLAND — Whatever happens within the highly contentious Nov. 5 election is not going to change a lingering truth that hangs over the town: Oakland is spending extra money than it makes.</p>
<p>Despite an expected $95 million infusion from the town&#39;s coliseum sale next May, Budget Director Bradley Johnson said this week that cuts to some city services are simply unavoidable over time given a $120 million deficit, even when the cash arrives on time for the following two-year budget cycle.</p>
<p>For the whole 2023-24 fiscal yr that led to June, the town generated 14.9% less revenue than expected, in keeping with a report released this week that lays out specific numbers from the ultimate quarter of the yr.</p>
<p>The current fiscal yr, which ends next June, is in a &#8220;difficult situation,&#8221; the report said, with expenses expected to exceed revenues by $30 million.</p>
<p>“This reflects deeper, persistent imbalances between revenue and spending,” the report said.</p>
<p>This is on account of falling revenues again, including from taxes on real estate sales and business licenses, in addition to the Oakland police&#39;s continued overspending on officer extra time.</p>
<p>Those cuts could well include the police and fire departments, which Johnson said together account for three-quarters of Oakland&#39;s total general purpose fund.</p>
<p>“To the extent that they are not cut, it will mean even more disproportionate cuts to all other functions the city performs in its services,” Johnson said at a City Council committee meeting earlier this week. “There are no easy answers to this.”</p>
<p>Oakland&#39;s structural financial problems have persevered for several years, despite federal funding keeping the town afloat in the course of the COVID-19 pandemic.</p>
<p>Facing a historic deficit in the summertime of 2023, Mayor Sheng Thao proposed a budget — eventually approved by the City Council — that froze quite a few unfilled positions and merged some departments to avoid layoffs.</p>
<p>But home sales didn&#8217;t increase the next yr, due partially to the extremely high rates of interest imposed by the Federal Reserve to combat inflation in the course of the pandemic.</p>
<p>On a smaller scale, the town remains to be missing the revenue it had planned for 2023-24 from the sale of the old Raiders training facility — a net gain of $12 million that hasn&#39;t come despite a buyer, San Francisco Real Estate The Prologis company got here forward a few yr ago.</p>
<p>The property is currently leased to local soccer franchise Oakland Roots SC, which uses the power as a practice facility. Team officials declined to offer details on the status of the deal.</p>
<p>Thao tried a second time to avoid layoffs by freezing much more jobs and using all proceeds from the sale of the Colosseum for one-time expenses.</p>
<p>At the time, the sale had not yet been accomplished, leading the City Council to approve a proposed emergency budget that reduced the Oakland Police Department&#39;s officer positions even further than Thao&#39;s proposed budget called for, and a discount in service &#8211; generally known as a &#8220;Brown Out&#8221; – through multiple firefighting stations.</p>
<p>This emergency budget is now in effect after the backers of the group that purchased the Coliseum decided to not make additional payments to the town without insuring their ownership of the property against the town&#39;s dangerous financial situation.</p>
<p>But the worst cuts haven&#8217;t yet taken effect, because the town desires to drain reserves and unused funds within the meantime.</p>
<p>Thao, who faces recall within the upcoming election, has said in interviews she has no selection but to make use of revenue from the Coliseum for one-time salaries and other costs &#8211; a move sharply criticized by financial analysts who argue that The money must be invested for long run needs.</p>
<p>At this week&#39;s meeting, Fire Chief Damon Covington said the vegetation fire earlier this month would have been &#8220;virtually impossible&#8221; to combat if these deep emergency budget cuts had already occurred.</p>
<p>“We would have a different conversation,” Covington said of the damage from the fireplace, which officials said was ultimately limited to at least one constructing.</p>
<p>City Council members Janani Ramachandran, Treva Reid and Noel Gallo had voted over the summer to maneuver forward with the emergency budget immediately, although they countered criticism on that front with accusations that Thao had presented them with two bad options on the eleventh hour.</p>
<p>Financial experts say the town could have an alternative choice: It could ask unions to renegotiate their current labor contracts and conform to less money. Former city leaders took this route as the town tried to get better from the Great Recession within the late 2000s.</p>
<p>Union leaders didn&#8217;t address the prospect on the meeting earlier this week &#8211; which could rely upon how five City Council seats are elected in November, in addition to the recall of the mayor. However, they warned that further staff cuts wouldn&#8217;t be tolerated.</p>
<p>“I’m here to say,” said Julian Ware, the pinnacle of IFPTE Local 21, “deeper cuts cannot be the answer.”</p>
</p></div>
<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Rangers close a three-point deficit and beat the Red Sox 7-4 on Saturday</title>
		<link>https://bloggingthree.soflytech.com/2024/08/rangers-close-a-three-point-deficit-and-beat-the-red-sox-7-4-on-saturday/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Sun, 04 Aug 2024 08:41:16 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[beat]]></category>
		<category><![CDATA[close]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[Rangers]]></category>
		<category><![CDATA[Red]]></category>
		<category><![CDATA[Saturday]]></category>
		<category><![CDATA[Sox]]></category>
		<category><![CDATA[threepoint]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=10864</guid>

					<description><![CDATA[Red Sox ARLINGTON, Texas (AP) — Jonah Heim and Leody Taveras hit back-to-back home runs from the underside of the batting order to beat a three-run deficit within the fourth inning and the Texas Rangers beat the Boston Red Sox 7-4 on Saturday night. Rob Refsnyder, who tied a profession high with 4 hits and [&#8230;]]]></description>
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<p>ARLINGTON, Texas (AP) — Jonah Heim and Leody Taveras hit back-to-back home runs from the underside of the batting order to beat a three-run deficit within the fourth inning and the Texas Rangers beat the Boston Red Sox 7-4 on Saturday night.</p>
<p>Rob Refsnyder, who tied a profession high with 4 hits and three RBIs, hit solo home runs in his first two appearances &#8211; his sixth and seventh of the season &#8211; to assist the Red Sox take a 3-0 lead before Heim tied the sport with a three-run shot.</p>
<p>Two pitches after Heim&#39;s tenth home run with a high hit down the right-field line, Taveras hit a liner into the primary row in right for his ninth, the second win within the last eight games for the defending World Series champions.</p>
<p>Texas reliever José Leclerc (5-4) struck out Ceddanne Rafaela with a controlled full-pitch swing within the dirt when the Rangers were down 3-0 within the fourth inning with all of the bases loaded.</p>
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<p>Kirby Yates, the sixth Texas pitcher and the one reliever in the key leagues and not using a blown save in at the least eight opportunities, got the ultimate 4 outs for his twentieth save.</p>
<p>Yates ended the eighth inning with a bases-loaded strikeout of Jarren Duran, who was the All-Star Game MVP after hitting the game-winning two-run home run within the AL&#39;s 5-3 victory on the Rangers&#39; home stadium last month.</p>
<p>&#8220;Really hard-fought game. Bullpen. Gutsy effort by everyone,&#8221; said Rangers manager Bruce Bochy. &#8220;Everyone did something to cheer each other up. It was really a well-played game for us.&#8221;</p>
<p>Texas&#39; fourth set of consecutive home runs of the season got here after Tanner Houck threw seven strikeouts in the primary three innings, including six consecutive outs by strikes, capped by a 13-pitch at-bat against Marcus Semien to bottom the third inning.</p>
<p>&#8220;Two pitches, right? And it went pretty quickly against the bottom of the batting order,&#8221; Boston manager Alex Cora said. &#8220;I think he threw well.&#8221;</p>
<p>Houck (8-8) was replaced after allowing three straight hits to begin the sixth, and the Rangers scored three more in a row in a three-run inning against Brennan Bernardino. Ezequiel Duran, Taveras and Josh Smith, who had three hits, each scored a run with a single.</p>
<p>The first multi-home run game of Refsnyder&#39;s nine-year profession was followed by Connor Wong&#39;s RBI single within the fourth inning against Cody Bradford. The left-hander, who opened the season with wins in his first three starts, was making his second appearance and first start after missing 3 1/2 months with a back injury.</p>
<p>Refsnyder also reached base five times for the primary time in his profession by walking.</p>
<h3 class="wp-block-heading" id="h-trainer-s-room">TRAINING ROOM</h3>
<p>Red Sox: Duran needed to be examined by the training staff during an at-bat but remained in the sport. Cora said Duran felt something in his side during a swing, however the manager didn&#8217;t expect the All-Star to be out. &#8230; OF Tyler O&#39;Neill was unavailable due to an illness. He remained on the team hotel, and Cora said it could likely be Monday before O&#39;Neill would play again. &#8230; RHP Chris Martin, out for a month due to elbow inflammation, threw a 35-pitch bullpen session and will begin a rehab effort Wednesday.</p>
<p>Rangers: RHP Jacob deGrom threw a 45-pitch bullpen session with no apparent problems and is predicted to face hitters for the primary time since undergoing right elbow surgery in June 2023.</p>
<h3 class="wp-block-heading" id="h-up-next">NEXT</h3>
<p>Red Sox RHP Nick Pivetta (5-7, 4.47 ERA) faces Texas RHP Nathan Eovaldi (8-4, 3.38) within the series finale. Eovaldi, who spent greater than 4 seasons in Boston before joining the Rangers last 12 months, has gone 43 innings and 166 batters and not using a walk in six consecutive starts, the longest such streak in franchise history.</p>
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		<title>How California, once wealthy, got stuck in a budget deficit</title>
		<link>https://bloggingthree.soflytech.com/2024/06/how-california-once-wealthy-got-stuck-in-a-budget-deficit/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Fri, 14 Jun 2024 02:14:42 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[rich]]></category>
		<category><![CDATA[stuck]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=6264</guid>

					<description><![CDATA[California&#39;s state budget dwarfs the gross domestic product of many countries, and it&#8217;s essentially the most populous state within the U.S. and the fifth-largest economy on the planet. When the Golden State&#39;s funds fluctuate, there are consequences &#8211; they usually can fluctuate wildly. Two years ago, the state was forecasting a record surplus; now lawmakers [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
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<p class="css-at9mc1 evys1bk0">California&#39;s state budget dwarfs the gross domestic product of many countries, and it&#8217;s essentially the most populous state within the U.S. and the fifth-largest economy on the planet. When the Golden State&#39;s funds fluctuate, there are consequences &#8211; they usually can fluctuate wildly. Two years ago, the state was forecasting a record surplus; now lawmakers are faced with tens of billions of dollars within the red.</p>
<p class="css-at9mc1 evys1bk0">By law, lawmakers must pass a balanced budget by June 15 of every year or lose their salaries and expenses. It&#39;s often a difficult process. Negotiations this 12 months have centered largely on how much social spending the state will cut and whether to delay a minimum wage increase enacted last 12 months for nearly all health care staff, a lot of whom work in state hospitals and clinics or in facilities whose patients are reimbursed through California&#39;s version of Medicaid.</p>
<p class="css-at9mc1 evys1bk0">On Thursday, the House passed a placeholder that permits lawmakers to technically meet the deadline while talks with Gov. Gavin Newsom proceed on a few of the remaining sticking points. A final agreement, to be captured in some supplemental bills, is anticipated in just a few days. The budget takes effect on July 1.</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-b0125a4">Why do California&#39;s funds fluctuate a lot?</h2>
<p class="css-at9mc1 evys1bk0">Volatility is a natural byproduct of California&#39;s tax system. It is designed to be progressive and fairer to low-income taxpayers and relies heavily on taxing personal income and capital gains.</p>
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<aside class="css-ew4tgv" aria-label="companion column"></aside>
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<p class="css-at9mc1 evys1bk0">When wealthy taxpayers have a great 12 months, the state government reaps an unexpected windfall. But when the variety of IPOs declines or the stock market falters, revenues collapse. And the state has only limited scope to extend revenues in times of deficit because normally a two-thirds majority in parliament is required to pass a tax increase.</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-25b9abf5">What has the federal government done to get the volatility of its funds under control?</h2>
<p class="css-at9mc1 evys1bk0">Californians have been trying for a while to repair the state&#39;s fiscal problems, which were once much worse. In 2004, voters passed a constitutional amendment requiring the state to put aside three percent of state budget revenues every year, whatever the state&#39;s economic performance. But the reserve fund had barely gotten off the bottom when the fiscal collapse of 2008 rocked the state.</p>
<p class="css-at9mc1 evys1bk0">The consequences of the recession led to quite a lot of budget reforms. In 2010, for instance, MPs managed to push through a proposal to strengthen the reserve fund. Voters also approved a proposal that streamlined the budget process and reduced the two-thirds majority required to pass the budget to an easy majority.</p>
<p class="css-at9mc1 evys1bk0">As the economy recovered, Gov. Jerry Brown and state lawmakers used those reforms to further stabilize the state&#39;s funds, convincing voters to extend the reserve fund, requiring that even more cash be directed there when capital gains tax revenues boomed, and tightening rules for a way the cash ought to be utilized in lean times.</p>
<p class="css-at9mc1 evys1bk0">As recent fluctuations have shown, the system still needs improvement, but California lawmakers plan to tap into the more robust reserve fund this 12 months to balance the budget.</p>
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<h2 class="css-13o6u42 eoo0vm40" id="link-101e1251">What were the causes of California&#39;s recent enormous swing from surplus to deficit?</h2>
<p class="css-at9mc1 evys1bk0">In 2021, a sturdy stock market pushed government revenues up, only to drag them back down the next 12 months when the market crashed. As the Federal Reserve raised rates of interest to curb inflation after the pandemic, higher borrowing costs for businesses led to higher unemployment and fewer IPOs and startups, which in turn depressed capital gains tax revenues.</p>
<p class="css-at9mc1 evys1bk0">The economy rebounded in 2023, but write-offs from the previous 12 months dampened the state&#39;s recovery. In addition, winter storms prompted the Internal Revenue Service to increase the tax filing deadline for many California taxpayers, making it difficult for the state to accurately forecast its own tax revenues.</p>
<p class="css-at9mc1 evys1bk0">The MPs needed to pass the budget the state is currently operating with before it was clear how much money would actually be collected. And they were too optimistic. When the state&#39;s financial situation finally became clear, it turned out that state tax revenues were 22 percent below expectations.</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-2f8e34b7">What is the present state of California’s budget?</h2>
<p class="css-at9mc1 evys1bk0">In December, the state’s nonpartisan budget analyst said <a class="css-yywogo" href="https://lao.ca.gov/Publications/Report/4819" title="" rel="noopener noreferrer" target="_blank">predicted a deficit</a> of about $68 billion for the 2024-25 fiscal 12 months. A month later, the governor&#39;s financial experts estimated the deficit using other methods at about $38 billion, which was somewhat more manageable.</p>
<p class="css-at9mc1 evys1bk0">Governor Newsom and state lawmakers made some advance cuts, postponements, delays and other spending maneuvers that the governor estimates will reduce the gap for next 12 months to about $27.6 billion.</p>
</div>
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<p class="css-at9mc1 evys1bk0">In May, the governor proposed a grab bag of solutions that may not impose latest taxes but would cut some planned spending, spread the burden across quite a lot of state programs, eliminate some tax breaks for businesses and dip into state reserves. His proposal also ignored funding for a planned increase within the minimum wage for health care staff to $25 an hour.</p>
<p class="css-at9mc1 evys1bk0">Lawmakers countered with a plan to chop state prison funding much more and speed up the suspension of tax breaks for businesses so more cash could be left for the social safety net, including child care and health care. Otherwise, their plans were largely consistent with Mr. Newsom&#39;s and included eliminating about 10,000 vacant state jobs.</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-50782983">Will this 12 months’s budget solve California’s structural fiscal problems?</h2>
<p class="css-at9mc1 evys1bk0">That might be. Both current proposals call for a budget for 2 fiscal years as an alternative of only one. That would allow lawmakers to begin working early on projections that suggest next 12 months&#39;s revenues will likely be too low again. Both the governor and lawmakers also wish to steadily increase the dimensions of the state&#39;s emergency fund. And each would create a short lived account that may prevent a few of the future surpluses from being spent until the cash is definitely there.</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-ece4261">What still must be decided?</h2>
<p class="css-at9mc1 evys1bk0">Lawmakers say they&#8217;re near reaching an agreement and can announce it shortly. State law requires the ultimate bill to be in print for 72 hours before a vote is taken.</p>
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<aside class="css-ew4tgv" aria-label="companion column"></aside>
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<p><em>image credit : www.nytimes.com</em></p>
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		<title>Delayed revenue continues to extend California&#039;s budget deficit</title>
		<link>https://bloggingthree.soflytech.com/2024/05/delayed-revenue-continues-to-extend-californias-budget-deficit/</link>
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		<dc:creator><![CDATA[enzo2go]]></dc:creator>
		<pubDate>Sat, 04 May 2024 16:18:36 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[California39s]]></category>
		<category><![CDATA[continues]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[delayed]]></category>
		<category><![CDATA[increase]]></category>
		<category><![CDATA[revenue]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=2540</guid>

					<description><![CDATA[As the June 15 constitutional deadline to pass a 2024-25 state budget approaches, the excellent news for Gov. Gavin Newsom is that key income tax revenue will decline barely in April exceeded the federal government&#39;s estimated figure of $16.3 billion. Still, the bad news is that total income, sales and company tax revenues are still [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2023/12/california_government_generic.jpg?w=1400px&amp;strip=all" /></p>
<div>
<p>As the June 15 constitutional deadline to pass a 2024-25 state budget approaches, the excellent news for Gov. Gavin Newsom is that key income tax revenue will decline barely in April <a href="https://www.sco.ca.gov/2024_personal_income_tax_tracker.html?utm_source=substack&#038;utm_medium=email" target="_blank" rel="noreferrer noopener">exceeded the federal government&#39;s estimated figure of $16.3 billion</a>.</p>
<p>Still, the bad news is that total income, sales and company tax revenues are still $6 billion below what Newsom had forecast within the January budget for the present fiscal 12 months, meaning the cumulative deficit is significantly lower can be above the 38 billion US dollars <a href="https://calmatters.org/politics/2024/01/newsom-budget-california/">Newsom&#39;s proposed budget</a> supposed.</p>
<p>But how far more?</p>
<p>Legislative budget analyst Gabe Petek has estimated that the <a href="https://www.lao.ca.gov/Publications/Report/4850" target="_blank" rel="noreferrer noopener">Accumulated deficit for the three-year “budget window”</a> — 2022-23, 2023-24 and 2024-25 — <a href="https://calmatters.org/politics/capitol/2024/02/california-budget-deficit-balloons/">73 billion US dollars</a>, largely as a result of its more pessimistic revenue calculations.  Newsom’s January budget assumes this <a href="https://ebudget.ca.gov/2024-25/pdf/BudgetSummary/RevenueEstimates.pdf" target="_blank" rel="noreferrer noopener">Sales are $44 billion</a> below last 12 months&#39;s budget forecasts over the three-year period, while Petek raises that estimate to $68 billion.</p>
<p>Because revenue shortfalls determine the state&#39;s deficit, whatever it might be, everyone involved within the annual budget process was closely watching what the April 15 income tax filing deadline would do.</p>
<p>Newsom even indefinitely <a href="https://calmatters.org/commentary/2024/03/california-economy-newsom-speech-sluggish/">postponed his annual State of the State address</a> due to the uncertainty.  Normally, governors try to handle positive themes in such speeches, and that could be particularly difficult this 12 months.</p>
<p>With the month&#39;s revenue figures now known, the following phase will see Newsom unveil a revised budget later this month, setting the stage for several weeks of intense &#8211; and secretive &#8211; negotiations between the governor and lawmakers.  The revised budget proposal and the budget resulting from the negotiations can be balanced on paper.  That means projected revenue and planned spending – $291.4 billion within the January budget – will match.</p>
<p>However, each is not going to be balanced within the true sense, since the revenue will include not less than 12 billion US dollars from the state&#39;s emergency reserves, many billions more in loans from special funds, etc <a href="https://calmatters.org/commentary/2024/03/newsom-legislators-gimmicks-budget-deficit/">some accounting tricks</a>.</p>
<p>The June 15 budget also is not going to be the ultimate spending plan for the 2024-25 fiscal 12 months, just as the present 2023-24 budget shouldn&#8217;t be what Newsom and lawmakers passed last June.  They&#39;ve already made billions of dollars in changes in response to stubbornly subpar revenue. <a href="https://calmatters.org/politics/capitol/2024/04/budget-deficit-california-deal/">attempt to get a jump</a> concerning the chronic gap between government revenue and expenditure.</p>
<p>The situation is, to make use of an old-fashioned cricketing term, a fragile one for the countless stakeholders who depend on money from the budget.  Even with the addition of cash from the reserves, the expenditure side of the budget have to be reduced, although the quantity and the funds from which programs are still unclear at this point.</p>
<p>In theory, there may be one other way Newsom and lawmakers could truly balance the budget and satisfy those clamoring for money — by raising taxes.  Newsom&#39;s last two predecessors, Republican Arnold Schwarzenegger and Democrat Jerry Brown, struggled with deficits of comparable magnitude and each won legislative or voter approval of tax increases to shut their gaps.</p>
<p>Left-leaning lawmakers have proposed tax increases, and one might assume Newsom, who&#8217;s ideologically to the left of the 2 former governors, can be willing to embrace that solution.</p>
<p>However, <a href="https://calmatters.org/newsletters/whatmatters/2023/04/california-taxes-budget/">Newsom has publicly opposed tax increases</a>apparently concerned that they may drive more taxpayers or high-income businesses out of the state, but perhaps also because raising taxes would also undermine his vigorous efforts <a href="https://www.theatlantic.com/politics/archive/2024/04/gavin-newsom-biden-trump-2024/678051/" target="_blank" rel="noreferrer noopener">increase his national political standing</a>.</p>
<p><em>Dan Walters is a columnist at CalMatters.</em></p>
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