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Jun 29, 2024 · SACRAMENTO – Governor Gavin Newsom today signed 2024 state budget legislation that brings stability to state finances while preserving key investments in safety net programs, education, addressing homelessness, mental health care reform, and more.
- Governor Newsom unveils revised state budget, prioritizing ...
Governor Newsom’s revised balanced state budget cuts...
- California leaders announce 2024 state budget agreement
The agreement maintains the multi-year fiscal structure...
- Governor Newsom unveils revised state budget, prioritizing ...
People also ask
What does the 2024 state budget mean for California?
What does Newsom's 2024 budget mean for California?
What changes are in the 2024-25 budget plan?
How much money did California cut in 2024-2025?
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 balance...
- taryn.luna@latimes.com
- Staff Writer
Specifically, the budget agreement withdraws $4.9 billion from the BSA in 2024-25, and assumes an additional BSA withdrawal of $7.1 billion in 2025-26, which would leave about $10.5 billion available for future years.
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 ...
- Diana Crofts-Pelayo
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.
Jun 22, 2024 · The agreement maintains the multi-year fiscal structure proposed by the Governor in the May Revision to balance the budget in both 2024-25 and 2025-26, based on current revenue and spending projections.
May 11, 2024 · Newsom’s plan seeks to solve the budget deficit for the next two budget years, including additional cuts, reductions and delays to solve an estimated $28.4-billion deficit in 2025-26.
