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Bookmark or Share- California budget deficit balloons to $73 billion- CalMattersThe biggest challenge facing lawmakers and Gov. Gavin Newsom is the state budget deficit — and it just got bigger. Today, the Legislative Analyst’s Office projected the shortfall as $15 billion higher, or $73 billion.
- California has a multibillion-dollar budget deficit. Here's ...SACRAMENTO, Calif. (AP) — 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. This is the second year in a row the nation’s most populous state is facing a multibillion-dollar shortfall.
- Gov. Gavin Newsom proposes painful cuts to close California's ...California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he’s proposing eliminating 10,000 vacant state jobs and cutting spending across 260 state programs.
- California Narrowly Dodges a Budget Shortfall - The New York ...Slammed by a post-pandemic drop in state revenue projections, California lawmakers on Saturday announced a deal to close a state deficit estimated at $47 billion, paving the way for a nearly...
- Newsom, Democrats use cuts, reserves and ‘budget emergency ...Yet the governor and lawmakers have been criticized for choosing to pull money from the state’s rainy-day fund — $5.1 billion in 2024-25 and $7.1 billion planned the following year — to avoid...
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