#deficit

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#economy

France's Budget Problems Very Serious,' Prime Minister Says

France's new Prime Minister warns of critical financial conditions, highlighting the urgent need for action to address ballooning debt and deficit issues.

El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025

President Bukele plans to present a 2025 budget with no deficit, marking a significant fiscal milestone for El Salvador.

France's Budget Problems Very Serious,' Prime Minister Says

France's new Prime Minister warns of critical financial conditions, highlighting the urgent need for action to address ballooning debt and deficit issues.

El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025

President Bukele plans to present a 2025 budget with no deficit, marking a significant fiscal milestone for El Salvador.
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Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.

Former President Trump proposed ending Social Security taxes for older adults, raising concerns about depleting funds and increasing the deficit.
#budget

California Democrats aren't sold on Gavin Newsom's plan to cut the budget deficit. How they disagree

California Assembly Democrats clash with Gov. Newsom over budget issues, including Medi-Cal cuts and tax deductions, amid a $45 billion deficit.

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

California Gov. Gavin Newsom signed the 2024 budget, addressing a significant deficit by incorporating Democratic priorities.

Austin ISD's budget deficit means staff pay will barely budge without voter help - Austin Monitor

Austin ISD approved budget, may dip into savings and face deficit depending on VATRE outcome.

Newsom, Rivas and Other Top Democrats Deciding CA Budget Behind Closed Doors

California Legislature passed a placeholder budget due to failure in reaching deal with Governor Newsom on deficit closure.

Mayor Adams' new budget sets NYC (and him) up for big trouble in Summer 2025

Mayor Eric Adams presented a budget that increases next summer's deficit despite claiming strong fiscal management.

NYC Will Cut Costs of NYC Migrant Services by 20% - Documented

The Mayor's budget director plans to reduce migrant-related costs by 20%, including cutting down shelter stays and stopping the opening of new sites.
Council members push back on the claim that the city's deficit is solely caused by increased costs from the asylum seeker response.

California Democrats aren't sold on Gavin Newsom's plan to cut the budget deficit. How they disagree

California Assembly Democrats clash with Gov. Newsom over budget issues, including Medi-Cal cuts and tax deductions, amid a $45 billion deficit.

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

California Gov. Gavin Newsom signed the 2024 budget, addressing a significant deficit by incorporating Democratic priorities.

Austin ISD's budget deficit means staff pay will barely budge without voter help - Austin Monitor

Austin ISD approved budget, may dip into savings and face deficit depending on VATRE outcome.

Newsom, Rivas and Other Top Democrats Deciding CA Budget Behind Closed Doors

California Legislature passed a placeholder budget due to failure in reaching deal with Governor Newsom on deficit closure.

Mayor Adams' new budget sets NYC (and him) up for big trouble in Summer 2025

Mayor Eric Adams presented a budget that increases next summer's deficit despite claiming strong fiscal management.

NYC Will Cut Costs of NYC Migrant Services by 20% - Documented

The Mayor's budget director plans to reduce migrant-related costs by 20%, including cutting down shelter stays and stopping the opening of new sites.
Council members push back on the claim that the city's deficit is solely caused by increased costs from the asylum seeker response.
morebudget
#california-budget

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.

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.

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.

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.

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.
morecalifornia-budget

Lakers fade again in Game 3 loss to Denver, moving to brink of elimination

The Lakers face a critical deficit in the playoff series against the Nuggets, struggling with mistakes and execution errors.
#california

Labor deal in flux as Newsom revisits SB 525, the $25 minimum health wage

Governor Gavin Newsom is reconsidering California's $25 minimum wage for health workers due to a projected $38 billion deficit.
Renegotiating wages could disrupt the delicate compromise between unions and the health industry.

Newsom and Democratic lawmakers detail first California budget cuts totaling $17 billion

California government officials agreed on $17 billion in budget cuts, targeting various areas like rail projects and state job funding.
Governor Newsom highlighted responsible fiscal management and stated the need for further budget adjustments to address California's deficit.

California GOP lawmakers urge Newsom to call a special session to address the deficit

California Assembly Republicans are urging Gov. Gavin Newsom to call a special session to tackle the state's projected $68 billion deficit.
The lawmakers want immediate action to roll back spending programs to maximize the effect of current year solutions and avoid more difficult solutions later.

Labor deal in flux as Newsom revisits SB 525, the $25 minimum health wage

Governor Gavin Newsom is reconsidering California's $25 minimum wage for health workers due to a projected $38 billion deficit.
Renegotiating wages could disrupt the delicate compromise between unions and the health industry.

Newsom and Democratic lawmakers detail first California budget cuts totaling $17 billion

California government officials agreed on $17 billion in budget cuts, targeting various areas like rail projects and state job funding.
Governor Newsom highlighted responsible fiscal management and stated the need for further budget adjustments to address California's deficit.

California GOP lawmakers urge Newsom to call a special session to address the deficit

California Assembly Republicans are urging Gov. Gavin Newsom to call a special session to tackle the state's projected $68 billion deficit.
The lawmakers want immediate action to roll back spending programs to maximize the effect of current year solutions and avoid more difficult solutions later.
morecalifornia

Bromley council tax bills set to rise by maximum amount allowed without a referendum

Council predicts a significant future deficit
Council tax rise to generate additional funds

I.R.S. Commissioner Warns Budget Cuts Would Add to Deficit

Proposed cuts to the IRS budget would cost the federal government more money in the long run.
For every $100 million taken from the IRS, the deficit grows by $600 million over 10 years.

Almost half of multi-academy trusts in England in deficit, accountants find

Almost half of multi-academy trusts in England were in deficit last year due to rising energy bills and staff costs.
Many schools would have been in deficit if not for ad hoc grants and energy efficiency grants.
Increasing costs and insufficient funding are putting pressure on schools to do more with less.

What is a 'last, best and final offer,' and why did California state scientists reject it?

California state scientists reject Gov. Gavin Newsom's final wage hike proposal
Negotiations between California Association of Professional Scientists and the state will now leak into a budget season with a projected deficit of $68 billion

WATCH: Ezekiel Elliott finds end zone from 6 yards out for Patriots TD

The New England Patriots are not dead yet.Despite their turnover issues early on, they managed to keep their Week 17 game against the Buffalo Bills close.

California Democrat spending hinges on voters approving billions. How it affects the budget

Lawmakers in California are considering whether to seek money through bond measures or allocate it in the budget due to a $45 billion deficit.

Opinion: As Oakland reaches a fiscal cliff, Mayor Sheng Thao plans to jump

Oakland faces a $352 million deficit due to overspending, mainly driven by unaffordable labor compensation increases and unsustainable growth in spending since 2018.
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