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. (AP Photo/Rich Pedroncelli)
What's in Gavin Newsom's $323 billion California budget
Jan 10, 2025 · No deficits. A “modest” surplus of $363 million. Almost $17 billion more in revenue than planned. Gov. Gavin Newsom’s office laid out its vision today for how California should spend its considerable bounty, a total budget of $322 billion — projected to be the second largest state spending plan ever. It released the proposal — on …
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...
Governor Newsom sends 2025-26 budget plan to Legislature
Jan 10, 2025 · A balanced budget and a forward-leaning state. Governor Newsom’s 2025-26 budget proposal includes: No deficit, increased revenues: The budget proposal is fully balanced with no deficit. Since the 2024 Budget Act was signed, the economy, stock market, and cash receipts have performed better than expected, resulting in an upgraded revenue forecast.
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.
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.
2024 year in review: How did California pay for everything?
Dec 26, 2024 · To understand what happened with the state budget in 2024, you have to go back to 2023. That year Gov. Gavin Newsom and Democrats who control the Legislature decided against raiding the state’s roughly $37 billion rainy-day fund despite a shaky fiscal picture.
California Budget
Changes to the Governor's Proposed Budget based upon the latest economic forecasts. The Budget passed by the Legislature and signed by the Governor.
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 bill in August to set aside more money and a 2026 constitutional amendment to grow the …
What you need to know about the California budget deal
Jun 24, 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 …