Newsom, Democrats use cuts, reserves and ‘budget emergency’ …
WEBJune 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 money from the...
California has a multibillion-dollar budget deficit. Here's what you ...
WEBMay 10, 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 just three years ago. This is the second year in a row the nation’s most populous state is facing a multibillion-dollar shortfall.
Gov. Newsom signs California budget. Here's what to know
WEBJun 29, 2024 · By Associated Press •Published June 29, 2024•Updated on June 29, 2024 at 6:54 pm. Gov. Gavin Newsom on Saturday signed California's budget to close an estimated $46.8 billion deficit through ...
California budget: What’s in the deal? - CalMatters
WEBJun 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 also calls for a bill in August to set aside more money and a 2026 constitutional amendment to grow the state’s rainy day fund.
Takeaways from the California budget deal between Newsom …
WEBJun 27, 2023 · Gov. Gavin Newsom and California lawmakers agreed to a $310.8 billion budget deal that will reduce investments in climate change and delay funding for kindergarten facilities to offset a nearly...
How Newsom plans to offset California's $45-billion deficit - Los ...
WEBMay 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.
Governor Newsom unveils revised state budget ... - California …
WEBMay 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.
Gov. Gavin Newsom proposes painful cuts to close California's …
WEBMay 10, 2024 · SACRAMENTO, Calif. (AP) — California’s budget deficit is at least $45 billion, a shortfall so large it prompted Gov. Gavin Newsom on Friday to propose painful spending cuts impacting immigrants, kindergarteners and low-income parents seeking child care in a state often lauded for having the world’s fifth-largest economy.
Governor Newsom signs 2024 state budget ... - California Governor
WEBJun 29, 2024 · SACRAMENTO – Governor Gavin Newsom today signed 2024 state budget legislation that brings stability to state finances while preserving key investments in safety net programs, education, addressing homelessness, mental health care reform, and more.
Governor Newsom Releases Balanced Revised Budget Plan
WEBMay 12, 2023 · The Governor’s budget closes a projected $32 billion budget shortfall while protecting key investments in the issues that matter most to Californians, including education, health care, housing and homelessness, public safety, and climate action.
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