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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).
May 10, 2024 at 4:03 PM. 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 ...
Newsom’s revised balanced state budget cuts one-time spending by $19.1 billion and ongoing spending by $13.7 billion through 2025-26, including trimming nearly 8% cut out of state operations and ...
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...
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 ,...
What NYC Gets In $237B State Budget: 3 Big Takeaways - New York City, NY - An unlicensed pot shop crackdown, lower city speed limits and a housing deal are all in the state's much-delayed new budget.
California lawmakers will return to Sacramento next month to deal with a looming problem — a $68 billion budget gap that may require an emergency declaration to fix.