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California lawmakers approved a budget on Wednesday that slashes spending and temporarily raises taxes on some businesses to close an estimated $46.8 billion budget deficit. It's the second year ...
California Democratic lawmakers and Gov. Gavin Newsom on Saturday announced a budget deal to close a roughly $47 billion shortfall following weeks of disagreement over spending priorities.
The budget will provide spending for the 2024-25 fiscal year, which will begin Monday. Gov. Gavin Newsom signs California budget to close major deficit and provide spending for year Skip to main ...
Newsom's plan to close the deficit relies on $17.3 billion in savings from budget cuts he and lawmakers agreed to in April and using $4.2 billion from the state's rainy day fund and budget ...
California’s Legislature on Wednesday night approved most of the bills that make up the $298 billion budget agreement with Gov. Gavin Newsom to close a roughly $47 billion deficit.
Gov. Gavin Newsom and Democrats in the California Legislature reached a deal to solve the budget deficit for the 2024-25 fiscal year. Newsom, lawmakers use cuts, reserves and 'fiscal emergency ...
The cuts to state operations would build on a December budget letter Newsom’s Department of Finance sent to all state departments and agencies that enacted a current year budget freeze in ...
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. Democratic Gov. Gavin Newsom on ...