Digging Out: Newsom Outlines Plan to Cover State Budget Deficit

Jan 10, 2024 · Newsom’s plan to close the deficit includes: Withdrawing $13.1 billion from the budget stabilization and safety net reserve accounts; Cutting $8.5 billion from existing …

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Digging Out: Newsom Outlines Plan To Cover State Budget Deficit

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Jan 10, 2024 · Newsom’s plan to close the deficit includes: Withdrawing $13.1 billion from the budget stabilization and safety net reserve accounts; Cutting $8.5 billion from existing …

independent.com

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Digging Out: Newsom Outlines Plan To Cover State Budget Deficit

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A projected $38 billion deficit, according to Gov. Gavin Newsom, who declared a fiscal emergency today and unveiled his initial plan to dig the state out of a fiscal chasm for the second year in a …

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Digging Out: Newsom Outlines Plan To Cover State Budget Deficit

1 week from now

Jan 10, 2024 · A projected $38 billion deficit, according to Gov. Gavin Newsom, who declared a fiscal emergency today and unveiled his initial plan to dig the state out of a fiscal chasm for the …

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Newsom Outlines Plan To Cover State Budget Deficit

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Jan 10, 2024 · A projected $38 billion deficit, according to Gov. Gavin Newsom, who said Wednesday he will declare a fiscal emergency if necessary and unveiled his initial plan to dig …

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Digging Out: Newsom Outlines Plan To Cover State Budget Deficit

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Gov. Newsom says the deficit is far smaller than what the Legislature’s analysts projected, and proposes only $8.5 billion in cuts by delaying spending and taking $13 billion from the

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Newsom Projects Smaller State Budget Deficit, Outlines Plan To …

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Jan 11, 2024 · Gov. Gavin Newsom on Wednesday predicted California would face a budget deficit of $37.9 billion in the fiscal year starting July 1, and outlined plans to use reserves and …

timesofsandiego.com

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Opinion | Who Should CA Believe About The Size Of The Budget …

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Jan 10, 2024 · On Wednesday, Gov. Gavin Newsom introduced a 2024-25 budget that assumes a $37.9 billion deficit, while chiding news media for repeating analyst Gabe Petek’s projection, …

calmatters.org

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Newsom Outlines Plan To Cover California's $38 Billion Budget Deficit

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Jan 10, 2024 · A projected$38 billion deficit, according to Gov. Gavin Newsom, who said on Wednesday he will declare a fiscal emergency when necessary and unveiled his initial plan to …

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Digging Out: Newsom Outlines Plan To Cover State Budget Deficit …

1 week from now

Newsom’s plan to close the deficit includes: Withdrawing $13.1 billion from the budget stabilization and safety net reserve accounts; Cutting $8.5 billion from existing programs and …

msn.com

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Opinion | Will Gavin Newsom Leave Budget Deficits For His Successor?

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Jan 16, 2024 · Last week, when Newsom proposed a 2024-25 budget, he pegged the deficit at $38 billion and proposed to cover it with a mixture of spending cuts and deferrals, loans from …

calmatters.org

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Californians React To Newsom's Plan To Dig State Out Of Budget …

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Jun 25, 2024 · This weekend, Governor Gavin Newsom announced a new deal with lawmakers to balance a $46.8 billion deficit which includes over $700 million in cuts to health care worker …

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California Budget Deficit Balloons To $73 Billion- CalMatters

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“We are very concerned about short-term fixes for long-term problems,” said Rivas, who took over as speaker last summer, just days after the Legislature and Newsom reached a deal on the …

calmatters.org

FAQs about Digging Out: Newsom Outlines Plan to Cover State Budget Deficit Coupon?

Will Newsom declare a $38 billion deficit?

A projected $38 billion deficit, according to Gov. Gavin Newsom, who said Wednesday he will declare a fiscal emergency if necessary and unveiled his initial plan to dig the state out of a fiscal chasm for the second year in a row. But Newsom painted it as a return to a more normal budget, after recent spikes in revenue. ...

Is a $38 billion deficit a return to a normal budget?

A projected $38 billion deficit, according to Gov. Gavin Newsom, who said today he will declare a fiscal emergency if necessary and unveiled his initial plan to dig the state out of a fiscal chasm for the second year in a row. But Newsom painted it as a return to a more normal budget, after recent spikes in revenue. ...

How big is Newsom's deficit?

Gov. Newsom says the deficit is far smaller than what the Legislature’s analysts projected, and proposes only $8.5 billion in cuts by delaying spending and taking $13 billion from the state’s main reserves. ...

What does Gavin Newsom say about California's budget deficit?

Gov. Gavin News presents his budget plan in Sacramento on Wednesday. Courtesy of the governor’s office Gov. Gavin Newsom on Wednesday predicted California would face a budget deficit of $37.9 billion in the fiscal year starting July 1, and outlined plans to use reserves and cut spending to make up the shortfall. ...

Is Gavin Newsom digging the state out of a budget hole?

The nonpartisan Legislative Analyst's Office (LAO) has evaluated Gov. Gavin Newsom's budget, stating that it has 'strengths and weaknesses'. The LAO also noted that Newsom's 'revenue projections are plausible, but optimistic'. The LAO offers guidance to state lawmakers on their version of the budget. ...

How much will Newsom spend in 2023?

All told, Newsom is proposing a total state budget of $291.5 billion — about $19 billion less than what he and lawmakers approved last June for 2023-24. But January plans are often revised considerably. Last year, Newsom proposed spending $297 billion; the final total in June was upped to $310 billion. ...