Newsom says state has $27 billion budget shortfall, but it can be balanced without raising taxes
California’s state budget has a $27.6 billion deficit, but it can be balanced without new taxes or major cuts to core programs, Gov. Gavin Newsom said Friday. Unveiling his revised $288 billion May state budget for 2024-25,
Newsom’s ‘May revise’ trims budget to $288 billion
Governor Gavin Newsom said the state's progressive tax system brings volatility to the budget process. SACRAMENTO, Calif. (CN) — Saying he wants to protect California’s core services while making tough choices for other parts of state government,
Missouri, budget
In January, Newsom estimated that California was looking at a deficit of $38 billion, while the Legislative Analyst’s Office ...
California Gov. Gavin Newsom (D) on Friday announced a $44.9 billion deficit in his revised proposal for the 2024-2025 state ...
The US government recorded a higher budget surplus for the month of April than a year ago thanks to a rise in tax receipts, ...
California lawmakers have proposed legislation to expand food assistance benefits to all undocumented immigrants the last two ...
District leaders will join teachers for a lobbying day in the state capital. Critics say the day away from classrooms is ...
The federal budget deficit shrank in the first seven months of the fiscal year, according to the Treasury Department, but ...
Newsom, in his last term as governor and widely seen as a future presidential candidate, announced a nearly $38 billion ...
Newsom gives his updated budget proposal on Friday afternoon, leaving lawmakers preparing for large spending cuts to offset ...
This city is where homeowners are spending less than 20% of their income on housing costs, according to a new study.
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