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2008–2012 California budget crisis. Furlough at a California Department of Motor Vehicles office in 2009. The U.S. state of California had a budget crisis in which it faced a shortfall of at least $ 11.2 billion, [1] and projected to top $40 billion over the 2009–2010 fiscal years. [2]
Gov. Gavin Newsom and Democrats in the California Legislature reached a deal to solve the budget deficit for the 2024-25 fiscal year. Newsom, lawmakers use cuts, reserves and 'fiscal emergency ...
Lawmakers and the governor are scrambling to reduce California's budget deficit, which Newsom estimated at $37.9 billion in January, before the fiscal forecast is updated in the coming weeks to ...
California faced a $26.3 billion budget deficit for the 2009–2010 budget year. [7] While the legislative bodies appeared to address the problem in 2008 with the three-month delayed passage of a budget they in fact only postponed the deficit to 2009 and due to the late 2008 decline in the economy and the credit crisis the problem became urgent ...
Prisons: A trim of $750 million to the California Department of Corrections and Rehabilitation (CDCR) is part of the final budget agreement. Newsom had already proposed saving $82 million by ...
Davis began his tenure as governor with strong approval ratings, but they declined as voters blamed him for the California electricity crisis, the California budget crisis that followed the bursting of the dot-com bubble, and the car tax. On October 7, 2003, Davis was recalled. In the recall election, 55.4% of voters supported his removal.
Newsom's revised $288-billion budget proposal, announced Friday, projected California's deficit to be $7 billion more than the shortfall his administration expected in January. The grim forecast ...
This is a list of U.S. state government budgets as enacted by each state's legislature. A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita ...