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California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). 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.
Last year the state faced an estimated $46.8 billion budget deficit and in the year before, a $32 billion budget shortfall. The state also saved $1.2 billion over two years by eliminating roughly ...
Thousands of California students from middle class families would have had a tougher time attending four-year schools had Newsom and state lawmakers not been able to agree as their separate budget ...
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 California Department of Finance is a state cabinet-level agency within the government of California. [1] The Department of Finance is responsible for preparing, explaining, and administering the state's annual financial plan, which the governor of California is required under the Constitution of California to present by January 10 of each year to the general public.
The tug-of-war between California Gov. Gavin Newsom and the nonpartisan Legislative Analyst’s Office over the state’s projected budget deficit took a new turn Tuesday, when the LAO announced a ...
The Big Five is an informal institution of California state government, consisting of the governor, the Assembly speaker, the Assembly minority leader, the Senate president pro tempore, and the Senate minority leader. Historically, members of the Big Five met in private to negotiate California's state government budget.