#deficit

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#california-budget
Sacramento Bee
1 week ago
California

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. [ more ]
Los Angeles Times
4 months ago
California

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 ]
Sacramento Bee
4 months ago
California

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. [ more ]
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#budget
New York Post
3 weeks ago
NYC politics

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. [ more ]
www.cbc.ca
3 months ago
Canada news

Mayor Chow to drop proposed Toronto property tax rate hike to 9.5% | CBC News

Mayor Olivia Chow will recommend a property tax increase of 9.5%, lower than the city staff proposal of 10.5%
Chow's goal is to balance investing in city services and addressing Toronto's $1.8-billion deficit [ more ]
Documented
5 months ago
NYC politics

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. [ more ]
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Los Angeles Times
3 weeks ago
LA Lakers

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. [ more ]
#california
Los Angeles Times
1 month ago
California

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. [ more ]
www.ocregister.com
4 months ago
Public health

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. [ more ]
The Sacramento Bee
5 months ago
California

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. [ more ]
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www.newsshopper.co.uk
2 months ago
London

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 [ more ]
www.nytimes.com
3 months ago
US politics

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. [ more ]
www.theguardian.com
3 months ago
Education

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. [ more ]
Sacramento Bee
4 months ago
California

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 [ more ]
Pats Pulpit
4 months ago
New England Patriots

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.
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