California budget: Gov. Newsom unveils $291 billion spending …

Jan 10, 2024 · Gov. Newsom unveils California budget proposal for 2024 00:36. SACRAMENTO — California Gov. Gavin Newsom announced $291 billion state spending plan Wednesday …

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California Budget: Gov. Newsom Unveils $291 Billion Spending …

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Jan 10, 2024 · Gov. Newsom unveils California budget proposal for 2024 00:36. SACRAMENTO — California Gov. Gavin Newsom announced $291 billion state spending plan Wednesday …

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Newsom Proposes Cuts To Balance $38B State Budget Deficit

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Jan 11, 2024 · Newsom proposes housing, climate cuts to balance $38B budget deficit. California Gov. Gavin Newsom released details Wednesday of a new $291 billion state spending plan for …

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California Gov. Newsom Proposes Some Housing And Climate Cuts …

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Jan 10, 2024 · SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom released details Wednesday of a new $291 billion state spending plan for the 2024-25 budget year that …

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California Governor Wants Reserves And Cuts To Fix Nearly $38B …

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Jan 10, 2024 · California Gov. Gavin Newsom announced $291 billion state spending plan Wednesday with an estimated $37.9 billion deficit. ... Newsom proposed to cut spending by …

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California Governor Wants Reserves And Cuts To Fix Nearly $38B …

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Jan 10, 2024 · California Governor Wants Reserves and Cuts to Fix Nearly $38B Deficit, Mostly Sparing Schools. California Gov. Gavin Newsom is announcing a $291 billion state spending …

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Gavin Newsom Unveils $291B California Budget Plan With $37.9B …

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SACRAMENTO — California likely faces a $37.9 billion deficit in the upcoming fiscal year, Gov. Gavin Newsom announced Wednesday as he unveiled his 2024-25 budget plan. Newsom’s …

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California Governor Wants Reserves And Cuts To Fix Nearly $38B

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Jan 11, 2024 · California governor wants reserves and cuts to fix nearly $38B deficit, mostly sparing schools California Gov. Gavin Newsom is announcing a $291 billion state spending …

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Newsom Unveils Budget Plan For California Taking Aim At $38 …

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Jan 11, 2024 · California Governor Gavin Newsom is unveiling his first draft of a budget spending plan. The 291-billion dollar state budget aims to close a 38-billion dollar gap.

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California Gov. Newsom Proposes Some Housing And Climate Cuts …

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Jan 11, 2024 · California Gov. Gavin Newsom released details Wednesday of a new $291 billion state spending plan for the 2024-25 budget year that accounts for an estimated $37.9 billion …

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Gov. Newsom Announces $291B State Spending Plan With Nearly

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Jan 10, 2024 · California Gov. Gavin Newsom is announcing a $291 billion state spending plan with an estimated $37.9 billion deficit. That's a significantly lower budget hole than the …

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Newsom Proposes Tapping Reserves, Cutting Some Spending To …

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Jan 10, 2024 · California Gov. Gavin Newsom is announcing a $291 billion state spending plan with an estimated $37.9 billion deficit. ... said he is concerned about the amount of spending …

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California Gov. Gavin Newsom’s Proposed Budget – NBC Los …

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Jan 10, 2024 · California Gov. Gavin Newsom is announcing a $291 billion state spending plan with an estimated $37.9 billion deficit. That’s a significantly smaller budget hole than the …

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What Does Gavin Newsom’s $291 Billion Budget Mean For ... - Yahoo

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Jan 16, 2024 · Newsom proposed a series of cuts to different programs in an effort to balance the 2024-2025 budget, which faces a $37.9 billion deficit. He and the Legislature must agree on a …

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California Gov. Newsom Reveals Plan To Close Nearly $38B Deficit

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Jan 11, 2024 · California Gov. Gavin Newsom announced $291 billion state spending plan Wednesday with an estimated $37.9 billion deficit. That’s a significantly smaller budget hole …

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FAQs about California budget: Gov. Newsom unveils $291 billion spending … Coupon?

How does Newsom's budget work?

In response, Newsom’s budget taps $13.1 billion from the state’s reserves, cuts $8.5 billion in spending and pulls in $5.7 billion through internal borrowing and a tax on health care providers. ...

What does Newsom's budget plan say about state finances?

Newsom’s proposal — a $291.5 billion spending plan that kicks off the year’s budget process at the capitol — estimates a smaller deficit than earlier projections from state analysts. Nevertheless, the governor offered a sober assessment of the toll the inflation-battered economy has taken on state finances. ...

How will Governor Newsom allocate state money?

Governor Newsom outlined his plan to allocate taxpayer dollars and other state money for the upcoming fiscal year starting July 1. He'll spend the next six months working with the Legislature, also controlled by Democrats, to finalize the plan. The governor is proposing to draw $13 billion from the state's reserves to cover some of the deficit. ...

How did Newsom avoid major spending cuts last year?

Newsom and lawmakers managed to avoid major spending cuts last year through a combination of making smaller cuts, borrowing, and pushing some expenses to future years. Decisions about how to handle the deficit could be particularly fraught given this year's election, when many lawmakers will ask voters to keep them in Sacramento. ...

Why did Newsom have a budget shortfall in 2022-23?

In December, the nonpartisan Legislative Analyst’s Office pegged the budget shortfall at $68 billion, as income tax collections fell 25% in the 2022–23 fiscal year. Newsom said his administration’s smaller deficit projection was largely due to differing estimates of tax revenue in the coming year. ...

How much money will Newsom spend on housing?

Newsom proposed cutting $1.2 billion in housing funding. Specifically, he plans to reduce spending by $300 million on regional planning grants, $250 million on building and preserving multi-family housing, and $250 million from a program that helps residents and nonprofits buy and rehab properties at risk of foreclosure. ...