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The budget will provide spending for the 2024-25 fiscal year, which will begin Monday. ... California Gov. Gavin Newsom on Saturday officially signed the 2024 budget, closing a roughly $47 billion ...
Newsom is referring to the shortfall as $27.6 billion in 2024-25, but California is making cuts and reductions to solve a total budget deficit of $44.9 billion this year. Read more: Newsom called ...
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 ...
The Supreme Court rejects the Taxpayer Protection and Government Accountability Act, a proposed ballot measure. [70] June 22 – Governor Gavin Newsom reaches an agreement with the California Democratic Party to resolve the budget deficit, cutting US$16 billion in spending and declaring a fiscal emergency. [71]
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 ...
2024 California Proposition 35; 2024 California Proposition 36 This page was last edited on 15 March 2024, at 05:56 (UTC). Text is available under the Creative ...
Gov. Gavin Newsom and Democratic lawmakers work to settle their differences over a few key budget cuts to reduce California's massive deficit. ... 2024; Sen. Mike McGuire in Healdsburg on Jan. 26 ...
May 10, 2024 at 7:03 PM. ... — 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.