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Newsom's plan seeks to solve the budget deficit for the next two budget years, including additional cuts, reductions and delays to solve an estimated $28.4-billion deficit in 2025-26.
List of U.S. state budgets. This is a list of U.S. state government budgets as enacted by each state's legislature. A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts).
ADAM BEAM. May 10, 2024 at 2:40 PM. SACRAMENTO, Calif. (AP) — California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he's proposing cutting ...
This is the latest in a series of dueling budget estimates the governor’s administration and the LAO have put forward since December. The LAO in late 2023 projected the state would see a $68 ...
It's Time For An Honest Conversation About California's Structural Budget Problems - Across California, CA - Gov. Gavin Newsom just released his budget for the 2023-24 year; the message regarding ...
2008–2012 California budget crisis. Furlough at a California Department of Motor Vehicles office in 2009. The U.S. state of California had a budget crisis in which it faced a shortfall of at least $ 11.2 billion, [1] projected to top $40 billion over the 2009–2010 fiscal years. [2]
California faced another budget gap for 2010, with $72 billion in debt. California faced a massive and still-growing debt. In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget.
3 Problems New Jersey Kicked Down The Road With Latest Budget: Study The cracks are already showing in New Jersey's recently approved state budget, a watchdog group says. Eric Kiefer ,...
The problem with these projections is that districts are required by law to figure their budgets three years in advance, while the state legislature only grapples with a yearly budget. The ...
California’s budget deficit is worse than anticipated — and much worse than Newsom projected. Andrew Sheeler, Lindsey Holden. February 20, 2024 at 2:21 PM. Hector Amezcua/hamezcua@sacbee.com ...