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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.
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 ...
Faced with a $44.9-billion budget deficit, Gov. Gavin Newsom described a plan to shrink the size of state government and slow his progressive policy agenda by eliminating 10,000 vacant state jobs ...
The state budget is highly dependent on income taxes paid by California's highest earners. Revenues are prone to volatility, hinging on capital gains from investments, bonuses to executives and ...
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 ...
Gov. Gavin Newsom and California lawmakers agreed to a $310.8 billion budget deal that will reduce investments in climate change and delay funding for kindergarten facilities to offset a nearly ...
According to California's Department of Finance, the state's 2017-2018 enacted state budget includes over $180 billion in state funds. [27] As can be seen below, Table 1 gives an overview of California's 2017-2018 enacted state budget. As the table suggests, health care and K12 education represent California's largest expenditures of state funds.
The Legislative Analyst’s Office identified around $15 billion in cuts that could be made to make up for the state’s shortfall. California has dueling budget deficits. Here’s what that means ...