California Governor OKs Budget Closing $54.3 Billion DeficitCalifornia Gov. Gavin Newsom signed a budget on Monday that closes an estimated $54.3 billion deficit by temporarily raising taxes on businesses, delaying payments to public schools and cutting billions of dollars in spending on state services and worker salaries.
California Lawmakers Finish Work Closing $54B DeficitThe California Legislature on Friday finished work on a state spending plan that closes an historic $54.3 billion deficit by temporarily raising taxes on businesses, cutting funding to courts, colleges and state worker salaries, and delaying billions of dollars in payments to public schools.
California Assembly To Cast Final Vote On State BudgetThe California Assembly will return to work on Friday from their summer recess to vote on a spending plan that closes the state's estimated $54.3 billion deficit through a combination of temporary tax increases, delayed spending and cuts to colleges, courts and state worker salaries.
California Legislature Approves Budget, But Changes ComingFacing an estimated $54.3 billion budget deficit because of the coronavirus, California lawmakers on Monday approved a state spending plan that rejects most of Gov. Gavin Newsom’s proposed cuts to public education and health care with the hope that Congress will send the state more money by Oct. 1 to cover the shortfall.
California Legislature, Governor At Odds Over Budget DeficitGov. Gavin Newsom's task of closing California's estimated $54.3 billion budget deficit will come down to a battle with the Democratic-dominated Legislature over how much pain the state can endure now versus putting it off to next year and beyond.
California Lawmakers Agree to Close $54.3 Billion Budget GapCalifornia's Democratic legislative leaders have agreed on a budget they say covers the state's estimated $54.3 billion deficit while avoiding most of Gov. Gavin Newsom's proposed budget cuts to public education and health care services.
Legal Sports Betting Pitched As California Budget SalveTwo California lawmakers on Thursday pitched legalized sports betting as a way to help prop up a state budget devastated by the economic shutdown designed to slow the spread of the coronavirus, though their revised proposal immediately reignited a turf battle between powerful gambling interests.
Budget Cuts Aimed At Older Adults Anger California LawmakersCalifornia Gov. Gavin Newsom's plan to cover a $54.3 billion budget deficit includes slashing millions in spending that keep more than 45,000 people out of nursing homes — some of a series of cuts targeting older adults who are among the most at risk for the new coronavirus.
Newsom Says California Budget Deficit Is Direct Result Of PandemicGov. Gavin Newsom on Sunday said the nearly $54 billion budget deficit California is facing is a direct result of the impact from the coronavirus pandemic and not because of existing financial troubles.
Will Congress Help California? Governor's Budget Banks On ItGov. Gavin Newsom may call California a nation-state, but he's hanging his hopes for avoiding drastic state budget cuts squarely on the federal government.
Back-To-School Could Be Delayed By California Budget CutsThe deep financial hole brought on by the coronavirus is striking home for California schools after Gov. Gavin Newsom released a dramatically revised state budget plan.