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Inside California's New Budget of Nearly $300 Billion

California Governor signed a budget closing $46.8 billion deficit

After reducing deficit, Newsom proposals bring extra costs to California

California is facing potential budget challenges despite recent higher-than-expected tax revenue and higher spending proposals from Governor Newsom.

Why California's deficit remains a mystery ahead of Gavin Newsom's latest budget

California Gov. Gavin Newsom to announce increased budget deficit with potential for spending cuts.

Gavin Newsom goes on defense over California Democrat's wealth tax. Why it's a political move

Governor Newsom criticized a proposal for a tax on wealthy Californians during his budget presentation.
The plan for a state tax on ultra-millionaires and billionaires was quickly shelved by state lawmakers.

California has dueling budget deficits. Here's what that means and what lawmakers could cut

California Gov. Gavin Newsom's budget proposal aims to address a $37.86 billion shortfall.
Differing estimates of the budget deficit from the Legislative Analyst's Office and Department of Finance create uncertainty.

Inside California's New Budget of Nearly $300 Billion

California Governor signed a budget closing $46.8 billion deficit

After reducing deficit, Newsom proposals bring extra costs to California

California is facing potential budget challenges despite recent higher-than-expected tax revenue and higher spending proposals from Governor Newsom.

Why California's deficit remains a mystery ahead of Gavin Newsom's latest budget

California Gov. Gavin Newsom to announce increased budget deficit with potential for spending cuts.

Gavin Newsom goes on defense over California Democrat's wealth tax. Why it's a political move

Governor Newsom criticized a proposal for a tax on wealthy Californians during his budget presentation.
The plan for a state tax on ultra-millionaires and billionaires was quickly shelved by state lawmakers.

California has dueling budget deficits. Here's what that means and what lawmakers could cut

California Gov. Gavin Newsom's budget proposal aims to address a $37.86 billion shortfall.
Differing estimates of the budget deficit from the Legislative Analyst's Office and Department of Finance create uncertainty.
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Is a California EV rebate the answer if federal support ends?

California may offer electric vehicle rebates if federal tax credit is eliminated, despite budget limitations.
Experts argue against state-funded rebates due to financial implications and equity concerns.
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Four tech companies just saved California from a budget crisis

California's budget forecast improves significantly due to the tech industry's strong stock market performance.
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Walters: California homelessness funding is on the chopping block. Will it make the final budget?

Local governments in California face uncertainty regarding state aid for homeless population amid budget deficit concerns.

Good News for Newsom, as California Deficit Slashed From $68 Billion to Just $2 Billion

California's budget deficit has dramatically decreased from $68 billion to $2 billion, reflecting recovery after significant financial instability over recent years.

Winners and losers in California budget deal

Budget agreement in California under Gov. Newsom involves cuts, delays, and funding shifts to address financial challenges while preserving the social safety net.

What to know about Gov. Newsom's plan to offset California's $45-billion deficit

Gov. Newsom plans to address California's $44.9 billion budget deficit with cuts to state jobs and social programs, impacting his progressive policies and requiring use of reserves.

Gavin Newsom likes to use the budget to skirt public debate and get what he wants. Did he do it again?

California Governor Newsom strategically incorporates policy priorities into budget bills for immediate effect and limited debate.

Walters: California homelessness funding is on the chopping block. Will it make the final budget?

Local governments in California face uncertainty regarding state aid for homeless population amid budget deficit concerns.

Good News for Newsom, as California Deficit Slashed From $68 Billion to Just $2 Billion

California's budget deficit has dramatically decreased from $68 billion to $2 billion, reflecting recovery after significant financial instability over recent years.

Winners and losers in California budget deal

Budget agreement in California under Gov. Newsom involves cuts, delays, and funding shifts to address financial challenges while preserving the social safety net.

What to know about Gov. Newsom's plan to offset California's $45-billion deficit

Gov. Newsom plans to address California's $44.9 billion budget deficit with cuts to state jobs and social programs, impacting his progressive policies and requiring use of reserves.

Gavin Newsom likes to use the budget to skirt public debate and get what he wants. Did he do it again?

California Governor Newsom strategically incorporates policy priorities into budget bills for immediate effect and limited debate.
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California looking at $2 billion deficit after lawmakers, Newsom slashed spending

California is projected to have a $2 billion deficit for the upcoming fiscal year, a significant improvement from last year's $68 billion shortfall.

Gavin Newsom signals support for bills to crack down on deepfake election content

Gov. Newsom contests figures of California budget, proposes $291.5 billion plan to address $37.86 billion shortfall. Newsom clashes with Elon Musk over AI-generated campaign ads.

Gov. Gavin Newsom signs California budget to close major deficit and provide spending for year

Gov. Gavin Newsom signed the 2024 budget closing a $47 billion deficit, prioritizing funding for various programs.

California addressing larger budget gap than what Gov. Gavin Newsom's plan estimates, report says

The Legislative Analyst's Office estimates a $55 billion budget gap in California, surpassing Gov. Newsom's reported $44.9 billion shortfall.

California looking at $2 billion deficit after lawmakers, Newsom slashed spending

California is projected to have a $2 billion deficit for the upcoming fiscal year, a significant improvement from last year's $68 billion shortfall.

Gavin Newsom signals support for bills to crack down on deepfake election content

Gov. Newsom contests figures of California budget, proposes $291.5 billion plan to address $37.86 billion shortfall. Newsom clashes with Elon Musk over AI-generated campaign ads.

Gov. Gavin Newsom signs California budget to close major deficit and provide spending for year

Gov. Gavin Newsom signed the 2024 budget closing a $47 billion deficit, prioritizing funding for various programs.

California addressing larger budget gap than what Gov. Gavin Newsom's plan estimates, report says

The Legislative Analyst's Office estimates a $55 billion budget gap in California, surpassing Gov. Newsom's reported $44.9 billion shortfall.
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Op Ed: Proposition 36 Is Reform We Need To Save Money and Lives

California's homeless population has surged since Proposition 47, costing taxpayers billions in management and impacting public safety due to retail thefts.

Walters: Big Medicine and Newsom square off over health care tax dollars

California's budget struggles prompted a health care tax to stabilize finances and support Medi-Cal, with ongoing debates on its future and allocation.

Nearly $1 billion in funds left unspent by centers for disabled Californians

California's system for supporting people with developmental disabilities is struggling, leading to substantial unspent funds despite ongoing demand for services.

Walters: California's great debate resumes over volatile tax revenues

California faces challenges with income tax revenue dominance, volatile revenue streams, and inflexible spending mandates.
#tax-increases

California Gov. Gavin Newsom signs budget to close $46.8 billion budget deficit

California signed a budget to address a $46.8 billion deficit through spending cuts and temporary tax increases, impacting progressive policies amid economic challenges.

California Legislature approves budget that slashes spending to address $46.8 billion deficit

California lawmakers approved a budget with spending cuts and temporary tax increases due to a large deficit.

California's New Budget Will Make Major Cuts to Public Programs

California's budgetary transformation from chaos to stability is attributed to tax increases and a focus on building a rainy day fund.

California Gov. Gavin Newsom signs budget to close $46.8 billion budget deficit

California signed a budget to address a $46.8 billion deficit through spending cuts and temporary tax increases, impacting progressive policies amid economic challenges.

California Legislature approves budget that slashes spending to address $46.8 billion deficit

California lawmakers approved a budget with spending cuts and temporary tax increases due to a large deficit.

California's New Budget Will Make Major Cuts to Public Programs

California's budgetary transformation from chaos to stability is attributed to tax increases and a focus on building a rainy day fund.
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California to examine medical staffing at state prisons and hospitals. Here's why

Outsourcing medical and mental health services costs California significantly more than utilizing state employees.

Newsom proposes cutting California state employee telework stipends due to budget gap

California Gov. Gavin Newsom plans to address a projected $38 billion shortfall by cutting telework stipends for state employees.
The proposed cut would save the state an estimated $51.2 million.
47% of the state's workforce teleworked in October 2023.

California to examine medical staffing at state prisons and hospitals. Here's why

Outsourcing medical and mental health services costs California significantly more than utilizing state employees.

Newsom proposes cutting California state employee telework stipends due to budget gap

California Gov. Gavin Newsom plans to address a projected $38 billion shortfall by cutting telework stipends for state employees.
The proposed cut would save the state an estimated $51.2 million.
47% of the state's workforce teleworked in October 2023.
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Walters: Newsom's proposed spending cuts spur backlash from affected California groups

Advocates disappointed with Gov. Newsom's revised budget, citing cuts to essential programs.

Saturday Links: California Faces a $28 Billion Budget Deficit

Governor proposes $288 billion budget for 2024-25, aims to balance $27.6 billion deficit without new taxes or cuts.
#deficit

California has a $68 billion deficit. Here are 5 ways Gavin Newsom could address the budget

Gov. Gavin Newsom is set to unveil his proposed budget for the 2024-25 fiscal year, with a $68 billion deficit.
There has been intra-party squabbling among lawmakers over Medi-Cal expansion for undocumented immigrants.

How Newsom plans to fix California's projected $37.9-billion budget deficit

Governor Gavin Newsom is proposing to dip into the state's rainy-day reserves and potentially delay a minimum wage increase for healthcare workers to address California's $37.9 billion deficit.
The deficit is the result of weaker than expected state revenues, delayed tax deadlines, and overspending based on inaccurate budget projections.

Gavin Newsom addresses state deficit in revised budget, proposing tackling 2-year budgets going forward

Newsom faces significant deficit in California's budget, aims to address without raising taxes.

California has a $68 billion deficit. Here are 5 ways Gavin Newsom could address the budget

Gov. Gavin Newsom is set to unveil his proposed budget for the 2024-25 fiscal year, with a $68 billion deficit.
There has been intra-party squabbling among lawmakers over Medi-Cal expansion for undocumented immigrants.

How Newsom plans to fix California's projected $37.9-billion budget deficit

Governor Gavin Newsom is proposing to dip into the state's rainy-day reserves and potentially delay a minimum wage increase for healthcare workers to address California's $37.9 billion deficit.
The deficit is the result of weaker than expected state revenues, delayed tax deadlines, and overspending based on inaccurate budget projections.

Gavin Newsom addresses state deficit in revised budget, proposing tackling 2-year budgets going forward

Newsom faces significant deficit in California's budget, aims to address without raising taxes.
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Democratas piden $1,500 millones para atencion medica a personas pobres. Los cuestionan

California faces a projected deficit of $38-$73 billion while trying to finance Medi-Cal and other safety net programs.
There is a proposal to increase a tax on managed care organizations to raise additional federal dollars for Medi-Cal until 2026.

Whoops, turns out there is money in California budget for 4th graders to go to state parks

Funding for the California State Park Adventure Pass is included in Gov. Gavin Newsom's proposed budget for the 2024-25 fiscal year.
The budget does not include money to continue the program that lets Californians use a library card to check out passes for state parks and beaches.

Walters: Bigger California deficit could spell changes for schools

California's state budgeting process starts with projecting revenue, but these projections are often far from accurate due to the volatile taxation system.
The allocation of funds to public schools under Proposition 98 is based on these revenue projections, but the calculations are subject to interpretation and often do not align with reality.

One Dead Following Avalanche At Palisades Tahoe | KQED

The man who died in an avalanche at Palisades Tahoe Ski Resort has been identified as Kenneth Kidd.
California Governor Gavin Newsom unveiled his proposed spending plan, framing the budget shortfall as a return to normal.

Mulling Reparations, California Sets Aside $12 Million as a Start

California's new budget allocates a modest $12 million for reparations for Black residents, sparking criticism for falling short of expectations.

Newsom's budget plan saves vital programs for immigrants, but kids and hungry seniors may suffer

Preservation of critical immigrant programs in California's budget but delays and omissions of some key initiatives pose risks for vulnerable groups.
#governor-gavin-newsom

Gavin Newsom will deliver delayed California State of the State speech with budget done

Gov. Gavin Newsom will release a delayed State of the State address on social media, following a budget agreement closing a $47 billion shortfall.

Gov. Gavin Newsom to deliver State of the State address on Tuesday

Governor Gavin Newsom's annual State of the State address emphasizes transformation of mental health system and addressing homelessness crisis.

Gavin Newsom will deliver delayed California State of the State speech with budget done

Gov. Gavin Newsom will release a delayed State of the State address on social media, following a budget agreement closing a $47 billion shortfall.

Gov. Gavin Newsom to deliver State of the State address on Tuesday

Governor Gavin Newsom's annual State of the State address emphasizes transformation of mental health system and addressing homelessness crisis.
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How California, Once Flush, Got Stuck With a Budget Shortfall

California's budget faces volatility due to heavy reliance on personal income and capital gains taxes, impacting social spending and minimum wage decisions.
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