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

from ABC7 San Francisco 9 months ago

California lawmakers approved a budget with spending cuts and temporary tax increases to address a $46.8 billion deficit, shifting from previous surpluses fueled by federal aid and a progressive tax code.
ABC7 San Franciscohttps://abc7news.com/post/california-legislature-approves-budget-slashes-spending-address-468/15006091/

California is facing deficits after a period of surpluses, with economic slowdowns, rising unemployment, and miscalculations contributing to the challenges, prompting the need for fiscal reform.
ABC7 San Franciscohttps://abc7news.com/post/california-legislature-approves-budget-slashes-spending-address-468/15006091/

Read at ABC7 San Francisco

#california-budget #deficit #tax-increases #fiscal-reform #economic-challenges

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

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

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

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

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