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California lawmakers approved a budget on Wednesday that slashes spending and temporarily raises taxes on some businesses to close an estimated $46.8 billion budget deficit. It's the second year ...
Gov. Gavin Newsom releases his revised $288 billion budget proposal to address a $28 billion deficit on Friday, May 10, 2024.
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 ...
Gov. Gavin Newsom and Democrats in the California Legislature reached a deal to solve the budget deficit for the 2024-25 fiscal year.
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 ...
His revised budget would deactivate 46 prison housing units with 4,600 beds, resulting in $80.6 million in savings. The LAO reported prisons will operate with 15,000 empty beds during the 2024 ...
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