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  2. What to know about Gov. Newsom's plan to offset California's ...

    www.aol.com/news/know-gov-newsoms-plan-offset...

    Faced with a $44.9-billion budget deficit, Gov. Gavin Newsom described a plan to shrink the size of state government and slow his progressive policy agenda by eliminating 10,000 vacant state jobs ...

  3. List of U.S. state budgets - Wikipedia

    en.wikipedia.org/wiki/List_of_U.S._state_budgets

    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 ...

  4. California state finances - Wikipedia

    en.wikipedia.org/wiki/California_state_finances

    California public spending. State spending increased from $56 billion in 1998 to $131 billion in 2008, and the state was facing a budget deficit of $40 billion in 2008. [ 6] California faced a $26.3 billion budget deficit for the 2009–2010 budget year. [ 7]

  5. California budget deal: Here’s who won and who lost in $300 ...

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    Thousands of California students from middle class families would have had a tougher time attending four-year schools had Newsom and state lawmakers not been able to agree as their separate budget ...

  6. 2008–2012 California budget crisis - Wikipedia

    en.wikipedia.org/wiki/2008–2012_California...

    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]

  7. How Newsom plans to fix California's projected $37.9 ... - AOL

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    With weaker revenues than expected, Gov. Gavin Newsom wants to declare a budget emergency and ask California lawmakers to dip into the state's reserves. How Newsom plans to fix California's ...

  8. Newsom and Democratic lawmakers detail first California ... - AOL

    www.aol.com/news/newsom-democratic-lawmakers...

    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 ...

  9. Economy of California - Wikipedia

    en.wikipedia.org/wiki/Economy_of_California

    California unemployment rate, 1976–2024. US unemployment rate. The economy of the State of California is the largest in the United States, with a $3.987 trillion gross state product (GSP) as of 2024. [ 1] It is the largest sub-national economy in the world. If California were a nation it would rank in terms of nominal GDP as the world's fifth ...