Tag: California budget
Browse our exclusive articles!
Newsom, Democrats use cuts, reserves and ‘fiscal emergency’ declaration to solve California budget deficit
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.
California Legislature rejects many of Gov. Gavin Newsom’s budget cuts as negotiations continue
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.
Gavin Newsom releases $288 billion revised budget for California. How he tackled the big deficit
California Gov. Gavin Newsom on Friday unveiled his revised $288 billion budget proposal with a $28 billion deficit that will require tough budget cuts and a potentially bruising battle to enact them.
