Voters say California's budget deficit is an 'extremely serious

Jan 18, 2024 · Read more: How Newsom plans to fix California's projected $37.9-billion budget …

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Voters Say California's Budget Deficit Is An 'extremely Serious

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Jan 18, 2024 · Read more: How Newsom plans to fix California's projected $37.9-billion budget …

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Analyst Predicts $68 Billion Deficit In California: 'A Serious Budget ...

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Dec 8, 2023 · California’s Legislative Analyst’s Office projects a 2024-25 budget deficit twice as …

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California Faces Record $68 Billion Budget Deficit, Nonpartisan ...

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Dec 8, 2023 · California is facing a record $68 billion budget deficit, state officials announced …

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‘Everything Is On The Table’ To Fix $68 Billion California Budget Gap ...

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Dec 8, 2023 · A report the Legislative Analyst’s Office released on Thursday showed a tax …

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Newsom, Democrats Use Cuts, Reserves And ‘budget ... - Los …

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Jun 22, 2024 · Gov. Newsom signs budget to close California’s $46.8-billion budget deficit …

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FAQs about Voters say California's budget deficit is an 'extremely serious Coupon?

Does California have a budget deficit?

California has an enormous budget deficit. Newsom and lawmakers say they plan to make a plan - Los Angeles Times Newsom and Democrats announce a plan to reduce the enormous budget deficit. How? TBD Gov. Gavin Newsom discusses his proposed state budget for the 2024-25 fiscal year during a news conference in Sacramento in January. ...

Could California's deficit be twice as high as Newsom's forecast?

Estimates from the Legislative Analyst’s Office have suggested the deficit next year could be nearly twice as high as Newsom’s forecast. Lower-than-expected revenues, delayed tax deadlines and overspending based on inaccurate budget projections created California’s grim financial picture. ...

How should California offset the deficit?

When asked how they think California should offset the deficit, a majority of voters, 51%, support cuts to government services, and 35% want to use the rainy day fund. Among less popular savings measures, 17% of voters want to borrow from special funds. ...

Will California's deficit grow?

Newsom anticipated California’s deficit to grow when he signed the budget last year and said he dedicated much of the new money in his spending plan to one-time funding increases that he could easily halt if revenue were to fall. ...

How big is California's deficit?

When combined with the economic slowdown California has been facing since last year, it leads to a predicted deficit of $68 billion, Legislative Analyst Gabriel Petek announced Thursday. That is the biggest deficit by dollars in state history, but previous deficits have been larger as a percentage of state spending. ...

Does California have a budget problem?

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. ...