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Gov. Gavin Newsom is facing backlash from different public interest groups following the unveiling of his revised 2024-2025 budget, which addresses a $45 billion deficit by making big cuts to ...
(The Center Square) – Gov. Gavin Newsom highlighted some of the 2025-26 state budget lines Monday afternoon while visiting the Northern San Joaquin Valley as a part of his California Jobs First ...
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 ...
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.
The result is nearly half of the state’s income tax collections comes from only 1% of the population. That has led to unpredictable, large swings in revenue in California’s budget. Republican state Sen. Roger Niello, who sits on the budget committee, said the governor failed to provide a plan to help address future budget deficits.
California Gov. Gavin Newsom outlines his proposed 2025-2026 $322 billion state budget during a news conference at California State University, Stanislaus in Turlock, Calif., Monday, Jan. 6,2025.
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 ...
California Proposition 98 is a ballot initiative that requires a minimum percentage of the state budget to be spent on K-12 education. Prop 98 guarantees an annual increase in education in the California budget. [ 1 ]