California Leaders Try to Solve Another Big Budget DeficitMay is a challenging time for California's state budget negotiations, heavily relying on volatile income and capital gains taxes, creating fiscal uncertainties.
Newsom says state has $27 billion budget shortfall, but it can be balanced without raising taxesCalifornia state budget has $27.6 billion deficit manageable without new taxes. Newsom's plan includes rainy day reserves, job cuts, delayed programs, and reduced spending.
Opinion: Climate change won't wait for better budget years. Californians need climate bonds nowCalifornia needs a climate resilience bond on the November ballot to ensure continued funding for essential state programs amidst budget constraints.
Newsom says state has $27 billion budget shortfall, but it can be balanced without raising taxesCalifornia state budget has $27.6 billion deficit manageable without new taxes. Newsom's plan includes rainy day reserves, job cuts, delayed programs, and reduced spending.
Opinion: Climate change won't wait for better budget years. Californians need climate bonds nowCalifornia needs a climate resilience bond on the November ballot to ensure continued funding for essential state programs amidst budget constraints.
Walters: Lagging revenue continues to drive California budget deficitCalifornia's state budget faces a larger deficit than expected due to revenue shortfalls, with the estimated cumulative deficit for the next three years being $73 billion.
Skelton: California's budget relies on richest taxpayers and we're paying the priceCalifornia's state budget is heavily reliant on the stock market, leading to significant deficits when market crashes occur.
California Democrats seek federal billions for low-income health care. GOP wants answersIncreased MCO tax on health insurers aims to raise $1.5 billion in federal dollars for Medi-Cal.Lawmakers allocate portions of MCO tax money to boost Medi-Cal reimbursement rates and fund services.
Mathews: Maybe Dodgers' Shohei Ohtani should also manage California budgetShohei Ohtani signed a contract with the Los Angeles Dodgers that defers most of the payment until after he is retiredCalifornia's state budget proposed by Gov. Gavin Newsom relies heavily on deferrals to address a $58 billion budget gap
Gavin Newsom delayed California disability worker raises. Lawmakers fighting to keep themDisability care workers may receive promised pay raises delayed until 2025 as lawmakers and Gov. Newsom battle over budget cuts.