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Jun 22, 2024 · Gov. Gavin Newsom and Democratic lawmakers struck a deal Saturday to make $16 billion in cuts, declare a statewide fiscal emergency and pull money from the state’s rainy-day reserves to...
Jun 29, 2024 · The budget addresses a $46.8 billion shortfall through a balanced package of solutions, including spending reductions of $16 billion. It avoids deep program cuts, maintaining service levels for several priority issues including Proposition 98 funding for education and investments in Medi-Cal expansion, encampment resolution grants, nonprofit ...
May 10, 2024 · Governor Newsom’s revised balanced state budget cuts one-time spending by $19.1 billion and ongoing spending by $13.7 billion through 2025-26. This includes a nearly 8% cut to state operations and a targeted elimination of 10,000 unfilled state positions, improving government efficiency and reducing non-essential spending — without raising ...
Jun 27, 2023 · Newsom was going to temporarily move $333 million of the penalty money to the general fund. But advocates and lawmakers fought for the money to go toward Covered California’s cost-sharing reserve. The deal also commits $82.5 million to lowering health insurance costs over the next year.
Jun 24, 2024 · California will make widespread cuts to state government operations, prisons, housing programs and health care workforce development in order to maintain its social safety net as it moves to close...
Jun 23, 2024 · California will make widespread cuts to state government operations, prisons, housing programs and health care workforce development in order to maintain its social safety net as it moves to...
Apr 4, 2024 · Democratic lawmakers and Gov. Gavin Newsom are scrambling to lessen California's budget deficit, which Newsom estimated at $37.9 billion in January.
Jun 13, 2024 · Slammed by a post-pandemic drop in state revenue projections, California lawmakers on Saturday announced a deal to close a state deficit estimated at $47 billion, paving the way for a nearly...
May 11, 2024 · 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.
May 25, 2024 · This First Look report outlines key pieces of the May Revision to the 2024-25 California budget proposal, and explores how the governor prioritized spending and determined cuts to balance the budget amid a sizable projected state budget shortfall.
