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California Gov. Gavin Newsom previewed his $322.2 billion budget proposal for 2025-2026 during a ... Newsom did not offer a deficit projection for future years and said he will share more when he ...
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 ...
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.
California Gov. Gavin Newsom on Friday unveiled his revised $288 billion budget proposal with a $28 billion deficit that will require tough budget cuts — including eliminating 10,000 now-vacant ...
Newsom’s revised balanced state budget cuts one-time spending by $19.1 billion and ongoing spending by $13.7 billion through 2025-26, including trimming nearly 8% cut out of state operations and ...
Newsom described his plan as an example of resilience as he outlined the $291.5-billion budget proposal for fiscal year 2024-25 during a presentation Wednesday in Sacramento.
California Gov. Gavin Newsom and legislative leaders on Thursday announced a deal to cut $17 billion from the state’s large budget deficit. California is facing an estimated spending gap of up ...