#budget-proposal
#budget-proposal

Gavin Newsom releases $288 billion revised budget for California. How he tackled the big deficit

California Gov. Gavin Newsom reveals a $28 billion budget deficit, proposing cuts without new taxes.

The actual deficit could be higher at around $45 billion due to omissions in the calculation process. [ more ]

The New Yorker

Business

An Explicitly Redistributive Budget for an Election Year

The budget proposal includes tax increases on corporations and the wealthy.

The budget emphasizes framing the upcoming political contest as a choice between a Democrat fighting for the middle class and a Republican serving the plutocracy. [ more ]

www.mercurynews.com

Left-wing politics

Biden's budget includes tax breaks for families, hikes for the wealthy

Biden released a budget proposal focusing on tax breaks, lower health costs, smaller deficits, and higher taxes on the wealthy. The proposal aims at potential future changes post-election if Democrats win. [ more ]

moredeficit-reduction

california

Sacramento Bee

6 days ago

Here are the winners and losers in California Gov. Gavin Newsom's May Revise budget

California Governor Gavin Newsom's budget proposal includes significant cuts in spending, impacting state workers and public health. [ more ]

Sacramento Bee

California families could save thousands of dollars from proposed child tax break. Here's why

Biden's child tax credit plan could save California parents an average of $2,980.

ITEP estimates 8.1 million adults and 6.7 million children in California could benefit from the child tax credit. [ more ]

Sacramento Bee

California's budget deficit is worse than anticipated - and much worse than Newsom projected

California Gov. Newsom's $291.5 billion budget proposal aims to address a $37.86 billion shortfall.

The nonpartisan Legislative Analyst's Office revised the projected budget deficit to $73 billion, $15 billion more than Newsom's estimate. [ more ]

www.nytimes.com

Biden's Budget Underscores Divide With Republicans and Trump

President Biden proposed a $7.3 trillion budget with tax increases and new spending on social programs.

The budget aims to portray Biden as a champion of government aid for various groups and fighting climate change. [ more ]

www.nytimes.com

US politics

Here's the latest on the president's priorities.

President Biden proposed a $7.3 trillion budget with tax increases on corporations and high earners.

The budget aims to combat high consumer costs, strengthen border security, and deliver aid to countries like Israel and Ukraine. [ more ]

moretax-increases

New York Post

1 week ago

NYC water bills will soar 8.5% under 'hidden' $1.4B tax buried in Adams budget

Mayor Eric Adams plans hidden tax, raising NYC homeowners' water bills by 8.5% despite no new taxes in budget. [ more ]

New York Post

3 weeks ago

Mayor Adams' 2025 spending scheme could've been worse - but also better

Mayor Eric Adams proposed a $111.6 billion budget for 2025, showing cautious financial management amidst potential upcoming spending challenges. [ more ]

New York Post

3 weeks ago

Eric Adams unveils $111.6B NYC budget; restores $515M for schools, two NYPD classes

Mayor Adams unveiled a $111.6 billion executive budget for FY 2025 with increased school funding and more cops, but fell short on library funding. [ more ]

New York Post

1 month ago

NYC Council outlines budget response to fund library services, free 3K programs

The New York City Council proposed funding restoration for essential programs like 3K and mental health services.

The budget responds to Mayor Eric Adams' concerns by identifying additional tax revenue to support critical initiatives like libraries and Pre-K programs. [ more ]

New York Post

3 months ago

Hochul's budget isn't terrible - but will she stand up to lawmakers who will want to make it so?

Gov. Hochul's budget proposal for next year does not include any new taxes.

The budget aims to keep overall spending roughly flat and slow the growth of school aid. [ more ]

Yahoo News

3 months ago

New York governor wants to spend $2.4B on migrants in new budget proposal

New York Governor Kathy Hochul wants to spend $2.4 billion to care for migrants in New York City's homeless shelters.

The issue of how to deal with migrants has been a political challenge for Democrats and could impact upcoming elections. [ more ]

Streetsblog

1 week ago

More than 30 Organizations Ask the Governor to Lift Transit Funding Freeze - Streetsblog California

Governor Newsom to announce revised budget reflecting decreased tax revenue with potential negative impacts on transit funding. [ more ]

Theregister

Privacy professionals

Biden's budget proposal boosts CISA's funding to $3b

Biden proposes $103 million extra for CISA

Budget focuses on cybersecurity enhancements and resources for federal agencies [ more ]

Inside Higher Ed | Higher Education News, Events and Jobs

Education

Biden seeks $750 Pell Grant increase as shortfall looms

President Biden seeks $2.1B increase for Pell Grant, aiming to avoid eligibility cuts. Current projections show a $1.3B shortfall in fiscal year 2025, with an additional $2.1B needed to bridge the gap. [ more ]

New York Post

4 months ago