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Among the more high-profile changes, the 2024-25 budget plan delays a minimum wage increase for healthcare workers until at least October, cuts $1.1 billion for affordable housing and slashes $750 ...
Lawmakers are “clearing the decks” of easier budget ideas as a projected deficit of up to ... 2022-2023 and 2023-2024 fiscal years to find $17.3 billion in “solutions,” which include $3.6 ...
Democratic lawmakers and Gov. Gavin Newsom are scrambling to lessen California's budget deficit, which Newsom estimated at $37.9 billion in January. ... April 4, 2024 at 3:12 PM.
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 ...
Newsom is referring to the shortfall as $27.6 billion in 2024-25, but California is making cuts and reductions to solve a total budget deficit of $44.9 billion this year. Read more: Newsom called ...
The budget will provide spending for the 2024-25 fiscal year, which will begin Monday. ... California Gov. Gavin Newsom on Saturday officially signed the 2024 budget, closing a roughly $47 billion ...
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]
June 22, 2024 at 11:00 AM. California Democratic lawmakers and Gov. Gavin Newsom on Saturday announced a budget deal to close a roughly $47 billion shortfall following weeks of disagreement over ...