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  2. California Legislature approves budget that slashes spending ...

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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 ...

  3. What to know about Gov. Newsom's plan to offset California's ...

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    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 ...

  4. California Democrats, Gavin Newsom reach budget deal to close ...

    www.aol.com/california-democrats-gavin-newsom...

    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.

  5. Gov. Gavin Newsom signs California budget to close major ...

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    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 ...

  6. California Democrats approve budget with spending wins. Why ...

    www.aol.com/california-democrats-approve-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.

  7. Newsom, lawmakers use cuts, reserves and 'fiscal ... - AOL

    www.aol.com/news/newsom-democrats-cuts-reserves...

    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 ...

  8. California budget deal: Here’s who won and who lost in $300 ...

    www.aol.com/news/california-budget-deal-won-lost...

    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 ...

  9. California has dueling budget deficits. Here’s what that ...

    www.aol.com/california-dueling-budget-deficits...

    The federal government must authorize increases to the MCO tax, which health insurers pay. First, the Legislature needs to approve the increase, which has to go to the Centers for Medicare and ...