How bad are California's budget problems? We’re about to find out
Apr 27, 2024 · And the steps Newsom and lawmakers have taken to address California’s budget woes largely amount to moving deck chairs around on a sinking ship. For example, a grab bag …
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California Has A Multibillion-dollar Budget Deficit. Here's What You ...
1 week from now
May 11, 2024 · 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 …
apnews.com
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How CA's Bursting Budget Became A $45 Billion Deficit | Opinion
1 week from now
The much-revised 2024-25 state budget that Gov. Gavin Newsom released last week contains hundreds of spending reductions and other actions to close what he says is a $44.9 billion …
calmatters.org
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The 2024-25 Budget: California's Fiscal Outlook
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Dec 7, 2023 · A budget problem occurs when resources for the upcoming budget are insufficient to cover the costs of currently authorized services. State Faces a $68 Billion Deficit. Under …
ca.gov
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How Newsom Plans To Fix California’s Projected $37.9-billion …
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Jan 11, 2024 · California’s budget difficulties were compounded last year when the state and federal government delayed the deadline to file 2022 income tax returns from April to …
latimes.com
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Newsom Signs Budget To Close California's $46.8-billion Budget …
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Jun 29, 2024 · Gov. Newsom signs budget to close California’s $46.8-billion budget deficit California’s budget crisis comes at a bad time for Gov. Gavin Newsom, who has been building …
latimes.com
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2024 California Budget Whiplash Caused By Volatile Taxes
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Jun 12, 2023 · When budget season arrived in 2022, state lawmakers enjoyed the excitement and possibilities over how to spend a record $97.5 billion budget surplus, a shocking figure coming …
calmatters.org
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California Budget Deficit Balloons To $73 Billion- CalMatters
1 week from now
The 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 …
calmatters.org
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How California’s $100 Billion Surplus Became A ‘budget Emergency’
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Jun 23, 2024 · Newsom is fond of pointing out the unprecedented sums that California has devoted to solving a given problem, said Stutzman, the GOP strategist, but if the governor can …
washingtonpost.com
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Gov. Newsom Signs California Budget. Here's What To Know
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Jun 29, 2024 · Gov. Gavin Newsom on Saturday signed California’s budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and temporarily raising taxes on some …
nbclosangeles.com
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California Is Gripped By Economic Problems, With No Easy Fix
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Mar 31, 2024 · In his budget for the new fiscal year, which begins on July 1st, Gavin Newsom, California’s governor, projected that the state’s deficit would hit $38bn. But the LAO estimates …
economist.com
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California’s Fiscal Irresponsibility Creates $58 Billion Budget Deficit
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Jan 19, 2024 · In what can only be described as gross fiscal mismanagement, California must now deal with a state budget deficit of as much as $58 billion in the next fiscal year and …
hoover.org
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What Contributed To California's Record $68 Billion Budget Deficit?
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Dec 8, 2023 · A series of damaging storms last winter have made the problem worse. The storms were so bad that state officials decided to give people and businesses more time to pay their …
cbsnews.com
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