California lawmakers are moving ahead with a $356 billion state budget plan that would spend more on schools, child care and homelessness programs than...
Gov. Gavin Newsom and Democratic lawmakers struck a deal Saturday to make $16 billion in cuts, declare a statewide fiscal emergency and pull money from the state’s rainy-day reserves to balance a $46.8-billion budget deficit in California.
The California Legislature on Thursday rejected many of Gov. Gavin Newsom’s most difficult budget cuts, choosing instead to speed-up a temporary tax increase on some businesses to help address an estimated $45 billion deficit while preserving spending on many social safety net programs.