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 spending across 260 state programs.
California has a multibillion-dollar budget deficit. Here’s what you ...
May 11, 2024 · Newsom announced on Friday a $26.7 billion deficit, but it’s really closer to $45 billion. That’s because Newsom didn’t include roughly $17.3 billion worth of actions he and lawmakers already agreed on. Those included a cut of $3.6 billion in primarily one-time funding to some school, welfare and climate programs.
After 2 years of shortfalls, California governor proposes $322B budget …
Jan 7, 2025 · TURLOCK, Calif. (AP) — California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation’s most populous state.
Gavin Newsom announces end of California budget deficit
Jan 6, 2025 · California no longer faces a budget deficit, Gov. Gavin Newsom said Monday, ... Newsom teased his $322.2 billion budget proposal, which includes $228.9 billion in general fund spending and $17 ...
After A $100 Billion Surplus, California Now Faces A $73 Billion Budget …
Mar 26, 2024 · Newsom’s last budget proposal assumed a deficit of $38 billion, nearly 50 percent smaller than the LAO’s $73 billion current estimate. Newsom explained the large difference between his estimate and the LAO’s as being due to his “optimism” about the state.
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-day reserves to balance a...
Newsom signs budget to close California's $46.8-billion budget deficit ...
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 businesses.
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 10,000 vacant state...
Newsom Seeks to Close $37.9 Billion Deficit by Cutting Spending …
Jan 10, 2024 · Gov. Gavin Newsom announced on Wednesday that California had a $37.9 billion budget deficit and asked state lawmakers to cover the shortfall by trimming spending and drawing down reserves in an...
Gavin Newsom’s plan to close California’s big budget deficit ...
Jan 10, 2024 · California Gov. Gavin Newsom on Wednesday unveiled a $291.5 billion budget to close a $37.9 billion shortfall by dipping into the state’s reserves and cutting and delaying spending.