Newsom proposes plan to fix California’s $38 billion budget deficit

Jan 10, 2024  · Earlier in the day, Newsom presented his $291.5 billion state budget proposal for the fiscal 2024, which begins on July 1.. Within that proposal is a $37.86 billion deficit that is higher than ...


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Newsom Proposes Plan To Fix California’s $38 Billion Budget Deficit

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Jan 10, 2024  · Earlier in the day, Newsom presented his $291.5 billion state budget proposal for the fiscal 2024, which begins on July 1.. Within that proposal is a $37.86 billion deficit that is higher than ...

thehill.com

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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 …

usnews.com

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California Budget: Newsom Proposes Cuts To Balance $38B 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 …

sfstandard.com

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Here’s Newsom’s Plan To Fix California’s Budget Deficit

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May 10, 2024  · $19.1 billion. A large part of how Newsom wants to solve California’s deficit involves clawing back $19.1 billion in unspent funding that was promised just a few years ago, during brighter days ...

pressdemocrat.com

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California Governor Gavin Newsom Announces Budget Plan To Fix …

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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, a far lower shortfall than legislative advisers …

fox5sandiego.com

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California Has A Multibillion-dollar Budget Deficit. Here's What …

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May 11, 2024  · Now, Newsom says the remaining deficit is $27.6 billion (AP Photo/Rich Pedroncelli) California Gov. Gavin Newsom unveils his revised 2024-25 state budget during a news conference in Sacramento, Calif., Friday, May 10, 2024. Newsom said the state’s budget deficit has grown by $7 billion. In January, Newsom said the deficit was nearly $38 billion.

apnews.com

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

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Jan 10, 2024  · 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 …

desertsun.com

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California Has An Enormous Budget Deficit. Newsom And …

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Mar 21, 2024  · With a budget deficit of at least $38 billion hanging over their heads, Gov. Gavin Newsom and Democratic leaders of the state Senate and Assembly announced an agreement …

latimes.com

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California Gov. Newsom Proposes Tapping Reserves And Cutting

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Jan 10, 2024  · SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom is announcing a $291 billion state spending plan with an estimated $37.9 billion deficit.

pbs.org

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Newsom Budget Relies On Reserves To Avoid Deep Cuts- CalMatters

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Jan 10, 2024  · California is in a budget hole, its depth measured not in feet, but in dollars. How deep? A projected $38 billion deficit, according to Gov. Gavin Newsom, who said today he will …

calmatters.org

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Newsom Proposes Serious Cuts To Close CA Budget Deficit | Opinion

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May 10, 2024  · When Gov. Gavin Newsom proposed a 2024-25 state budget in January, he declared that the state faced a $38 billion deficit and chided journalists for citing wider …

calmatters.org

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Big Cuts, No New Taxes: Gov. Newsom’s Plan To Fix California’s Budget ...

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May 10, 2024  · A large part of how Newsom wants to solve California’s deficit involves clawing back $19.1 billion in unspent funding that was promised just a few years ago, during brighter days when the state ...

capradio.org

FAQs about Newsom proposes plan to fix California’s $38 billion budget deficit Coupon?

Will a budget cut close California's deficit?

California Gov. Gavin Newsom has proposed a series of painful budget cuts to close the state's growing deficit. Newsom said Friday the state's deficit is $27.6 billion. ...

What is Newsom's plan to close the state deficit?

The governor’s plan to close the deficit includes withdrawing $13.1 billion from the state’s reserves, while leaving behind a “substantial” $18.4 billion in this stockpile. Newsom produced spending cuts that add up to about $8.5 billion, including $2.9 billion in the climate sector and $1.2 billion in housing programs. ...

What is Newsom's budget deficit?

Newsom said the state’s budget deficit has grown by $7 billion. In January, Newsom said the deficit was nearly $38 billion. However, in March Newsom and lawmakers agreed on some actions to reduce that deficit by $17.3 billion. Now, Newsom says the remaining deficit is $27.6 billion (AP Photo/Rich Pedroncelli) ...

How can Newsom solve California's deficit?

A large part of how Newsom wants to solve California’s deficit involves clawing back $19.1 billion in unspent funding that was promised just a few years ago, during brighter days when the state had a record surplus. ...

What did California Governor Gavin Newsom say about the 2024 budget?

The governor characterized the budget year as a “story of correction, of normalization.” California Gov. Gavin Newsom releases his 2024-25 budget proposal, a $291.5 billion plan to close a $37.86 billion budget shortfall, on Wednesday, Jan. 10, 2024. Hector Amezcua [email protected] ...

What does Newsom's new deficit estimate mean for California?

Newsom’s new deficit estimate is more than double the shortfall he and lawmakers anticipated last June, a tacit admission of how badly the state underestimated the size and scope of the budget hole, and marks substantial disagreement within California government about the depth of the financial problem. ...

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