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Lawmakers are “clearing the decks” of easier budget ideas as a projected deficit of up to $73 billion looms. California lawmakers approve $17 billion in budget fixes. How they would impact the ...
Newsom restored the deductions and ended the tax limits one year early in 2022 when the state anticipated a massive budget surplus. Now with California facing a deficit, he wants to suspend and ...
After California’s 2022-2023 budget included $54 billion for climate action over the next five years, about $3.1 billion of that sum was slashed last year. ... and SB 867, introduced around ...
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 climate change law (AB1395) named the California Climate Crisis Act failed to pass, but a similar bill (AB1279) with the same name passed in 2022; California HOME Act (SB9), which creates a legal process by which owners of certain single-family homes can create additional units on their property, and prohibits cities and counties from ...
In September 2021, Governor Gavin Newsom signed a package of 31 housing bills, including the California HOME Act (SB 9) and SB 10. [152] The California HOME Act (SB 9) upzones most of California to allow building denser housing, up to a fourplex, on a lot. SB 10 streamlines the process for local governments to build dense housing around transit ...
State operations costs have seen significant growth in the last five years, ballooning from $44 billion when the Budget Act was passed in 2019 to a peak of $68 billion in 2021; in 2022 and 2023 ...
SB 478 prevents local governments from imposing a FAR or a minimum lot size that would make dense housing impossible. [123] Both bills were signed into law by Newsom in September 2021. In 2022, Wiener co-authored SB 886, which would exempt the UC, CSU and community college systems from the lengthy California Environmental Quality Act (CEQA ...