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. [ more ]
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. [ more ]
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. [ more ]
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. [ more ]