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California Gov. Gavin Newsom on Saturday officially signed the 2024 budget, closing a roughly $47 billion deficit for the state. Newsom’s signature was expected as he and Democratic lawmakers ...
The bill opens up previous budgets from the 2022-2023 and 2023-2024 fiscal years to find $17.3 billion in “solutions,” which include $3.6 billion in cuts, $5.2 billion in revenue and borrowing ...
A report the Legislative Analyst’s Office released on Thursday showed a tax revenue shortfall has created a “serious budget deficit” for the 2024-2025 fiscal year. California’s projected ...
In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
Source: California Secretary of State [1] Proposition 4 , titled Authorizing bonds for safe drinking water, wildlife prevention, and protecting communities and natural lands from climate risks , was a California ballot proposition and legislative statutes that passed by vote on in the 2024 general election on November 5, 2024.
The California Budget and Policy Center warns ... Proposition 47 had generated an estimated $95 million in savings for the 2024-25 state budget. ... Bill Essayli , AD ...
The budget will provide spending for the 2024-25 fiscal year, which begins July 1. Rivas and McGuire touted funding the Legislature received for spending Newsom proposed cutting in his budget.
Lawmakers passed a budget trailer bill that lowers unspent funding allocations in 2022-23 and 2023-24 by $1.6 billion last month. ... Newsom is referring to the shortfall as $27.6 billion in 2024 ...