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California faced a $26.3 billion budget deficit for the 2009–2010 budget year. [7] While the legislative bodies appeared to address the problem in 2008 with the three-month delayed passage of a budget they in fact only postponed the deficit to 2009 and due to the Great Recession and the 2007–2008 financial crisis the problem became urgent ...
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 ...
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. Democratic Gov. Gavin Newsom on ...
The Legislative Analyst’s Office last week threw yet another wrench into Gov. Gavin Newsom’s push for a rosier fiscal picture when it updated its projected budget deficit to $73 billion, based ...
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 ...
California is facing a record $68 billion budget deficit, state officials announced Thursday, forcing hard choices for Democratic Gov. Gavin Newsom in his final term as he works to build his ...
The 2024-25 deficit is more than double what the deficit was last year. California has a $68 billion deficit. Here are 5 ways Gavin Newsom could address the budget
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 ...