California Faces Second Straight Year With a Multibillion|Dollar Deficit

California Faces Second Straight Year With a Multibillion-Dollar Deficit

In closing the Department of Finance-projected US$37.9 billion-dollar deficit, the governor's proposed budget includes approximately US$13.1 ...

The 2024-25 Budget: California's Fiscal Outlook

California faces a $68 billion deficit. Largely as a result of a severe revenue decline in 2022-23, the state faces a serious budget deficit.

California has a multibillion-dollar budget deficit. Here's what you ...

HOW BIG IS THE BUDGET? ... Newsom proposed a $288 billion spending plan on Friday for the fiscal year that starts July 1. That is well below the ...

California budget deficit could hit record next year - CalMatters

The Legislative Analyst's Office predicts a $68 billion California budget deficit — which could mean spending cuts and drawing down ...

California facing historic $68 billion budget deficit - YouTube

California facing historic $68 billion budget deficit Gov. Newsom is in an unwelcome political spot in his final term as he works to build ...

Saturday Links: California Faces a $28 Billion Budget Deficit - SFist

Governor Gavin Newsom announced California's $288 billion budget for 2024-25, revealing a $27.6 billion deficit.

California's budget deficit has grown. Here's Gov. Newsom's response

Slashing $3.6 billion from programs related to fighting climate change · Cutting $2 billion over two years from a program to expand internet ...

California Faces Record $68 Billion Budget Deficit - WSJ

California is facing a $68 billion budget deficit next fiscal year—its largest ever—because of plunging revenues including a steep drop in ...

Will Gov. Gavin Newsom Face a Reckoning with His $73B Deficit in ...

California has a budget deficit of $73 billion, the Legislative Analyst's Office reports. Gov. Newsom claimed the budget deficit was only $30 billion in ...

After A $100 Billion Surplus, California Now Faces A $73 Billion ...

It takes some doing to go from a $100 billion budget surplus two years ago to a $73 billion deficit today. But California policymakers did ...

California climate programs would lose billions in Newsom's budget

The governor and the Legislature two years ago approved a $54.3 billion spending package for what he called his “California Climate Commitment.” ...

California's Falling Fortunes | City Journal

The state now projects a record $68 billion deficit in the next fiscal year, thanks to a 25 percent drop in personal income-tax collection in 2023; the ...

UC faces half-billion-dollar budget shortfall and eyes tuition increase ...

The University of California is eyeing a looming budget gap of half a billion dollars next year. To help balance the books it's relying in ...

Budget Deficit and High Cost of Living Threatened California's ...

The past year will be remembered for the unraveling of the state budget after years of major spending growth, coupled with growing concerns ...

The 2024-25 Budget: Deficit Update - Legislative Analyst's Office

The state already faces a significant deficit this year—we estimate it totaled $58 billion under the administration's revenue forecast ...

California faces $31.5B budget shortfall, Gov. Gavin Newsom says

California's budget deficit has grown to nearly $32 billion, Gov. Gavin Newsom announced Friday, saying the state's challenges are partly due to high federal ...

California Faces $68 Billon Dollar Deficit, while Californians with ...

The projected deficit is a result of a steep decline in tax revenue and comes after two years of record surpluses due to federal COVID-19 relief funding and ...

California has a multibillion-dollar budget deficit. Here's what you ...

This is the second year in a row the nation's most populous state is facing a multibillion-dollar shortfall. State revenues have continued to ...

What Does the Budget Shortfall Mean for California?

California faces a budget shortfall — also known as a “budget problem,” “deficit,” or “gap” — of tens of billions of dollars ...

California faces record $68 billion budget deficit, nonpartisan ...

California is facing a $68 billion budget deficit. The nonpartisan Legislative Analyst's Office said Thursday that most of the deficit comes ...