california budget deficit news

Newsom, Budget

Newsom floats $322 billion budget that would pull California out of deficit

Gov. Gavin Newsom (D-CA) proposed a $322 billion budget for California on Monday in an attempt to burnish his legacy as his time leading the state draws to a close. If his budget is approved, it would be the first time in two years California is not expected to have a deficit in its state

Yahoo · 2d

Governor Newsom Proposes $322 Billion Budget with No Deficit

California Governor Gavin Newsom has proposed a $322 Billion state budget for the next fiscal year. Newsom says the budget, which comes after two years of massive state deficits, will be balanced and without a deficit.

Sacramento Bee on MSN · 3d

Gov. Gavin Newsom announced a $322.2 billion budget with no deficit. Here’s what’s in it

California no longer faces a budget deficit, Gov. Gavin Newsom said Monday, two months after budget officials projected a $2 billion deficit that had left little room for additional government spending.

Santa Rosa Press Democrat1d

California’s $20 billion unemployment debt is looking like a political hot potato

The legislative analyst has a plan to fix the "structural insolvency" of the unemployment benefits fund — but businesses aren ...

7don MSN

Should California save more for a rainy day? OC legislator wants voters to decide

The proposal aims to increase the amount of money California is required by law to transfer to its rainy day fund.

Many of California’s biggest cities face major fiscal challenges going into 2025

Many of California’s biggest cities are facing major financial challenges heading into 2025, suggesting any reductions or ...

13don MSN

2024 Year in Review: How California Paid for Everything

Revenues so far are higher than anticipated — thanks to big gains in the stock market, particularly in tech, and the income ...

Marin Independent Journal on MSN20h

Mill Valley School District faces ‘unexpected’ $7.3M budget deficit

The administration cited a pandemic-related funding losses and legal expenses as key factors in the shortfall.

2don MSN

New legislation proposes to cut federal funding to California High Speed Rail

CALIFORNIA, USA — Governor Gavin Newsom promised a balanced budget with no deficit and included in that plan is continuing work on the controversial California High Speed Rail project. It's been in ...

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