California has a multibillion-dollar budget deficit. Here's what you ...
May 11, 2024 · California has a multibillion-dollar budget deficit that could force Democratic leaders to end a number of safety net programs and permanently cut 10,000 vacant state jobs.
Gov. Gavin Newsom proposes painful cuts to close California's …
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 spending across 260 …
Newsom, Democrats use cuts, reserves and ‘budget emergency’ …
Jun 22, 2024 · Gov. Gavin Newsom and Democratic lawmakers struck a deal Saturday to make $16 billion in cuts, declare a statewide fiscal emergency and pull money from the state’s rainy …
California’s budget is ‘roughly balanced,’ but deficits could grow ...
Nov 20, 2024 · 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 …
California budget: What’s in the deal? - CalMatters
Jun 22, 2024 · Gov. Newsom and legislative leaders announce an agreement to bridge the state budget deficit by dipping into reserves and reducing some spending. The deal also calls for a …
California Gov. Gavin Newsom signs budget to close $46.8B budget …
Jun 29, 2024 · 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 …
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 · Faced with a $44.9-billion budget deficit, Gov. Gavin Newsom described a plan to shrink the size of state government and slow his progressive policy agenda by eliminating …
2024-25 State Budget Proposal Protects Core ... - California …
Jan 10, 2024 · SACRAMENTO – Governor Gavin Newsom today introduced his 2024-25 state budget proposal, a balanced funding plan that maintains the state’s fiscal stability while …
California budget deficit balloons to $73 billion- CalMatters
An updated California budget deficit estimate puts more pressure on legislators and the governor to find savings.