California has a multibillion-dollar budget deficit. Here's what you ...
May 11, 2024 · SACRAMENTO, Calif. (AP) — California has a huge budget problem that could force thorny decisions from Democratic leaders who enjoyed a more than $100 billion surplus …
$165 billion revenue error continues to haunt California’s budget
2 days ago · Two years later, buried in its fine print, the deficit-ridden 2024-25 budget acknowledged that sales taxes and personal and corporate income tax revenues would fall …
Newsom, Democrats use cuts, reserves and ‘budget emergency’ …
June 22, 2024 Updated 1:22 PM PT. Gov. Gavin Newsom and Democratic lawmakers struck a deal Saturday to make $16 billion in cuts, declare a statewide fiscal emergency and pull …
Gov. Gavin Newsom proposes painful cuts to close California's …
May 11, 2024 · California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he’s proposing eliminating 10,000 vacant state jobs and cutting …
California budget: What’s in the deal? - CalMatters
Jun 22, 2024 · In summary. Gov. Newsom and legislative leaders announce an agreement to bridge the state budget deficit by dipping into reserves and reducing some spending. The deal …
California Gov. Gavin Newsom signs budget to close $46.8B budget …
Gov. Gavin Newsom has signed California’s budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and temporarily raising taxes on some businesses.
California’s budget is ‘roughly balanced,’ but deficits could grow ...
4 days ago · California’s budget is ‘roughly balanced,’ but deficits could grow under Trump. The nonpartisan Legislative Analyst’s Office projects a $2 billion shortfall for 2025-26, but says the …
Gov. Newsom signs California budget. Here's what to know
Jun 29, 2024 · Gov. Gavin Newsom on Saturday signed California’s budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and temporarily raising taxes on some …
Governor Newsom unveils revised state budget ... - California …
May 10, 2024 · Governor Newsom’s revised balanced state budget cuts one-time spending by $19.1 billion and ongoing spending by $13.7 billion through 2025-26.
How Newsom plans to offset California's $45-billion deficit - Los ...
May 11, 2024 · Newsom’s revised $288-billion budget proposal, announced Friday, projected California’s deficit to be $7 billion more than the shortfall his administration expected in January.