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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 ...
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.
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 ...
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 ...
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 ...
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 ...
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]
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 ...