California Budget Surplus Soars To $68B, Senate Leaders SayCalifornia’s budget surplus has more than doubled since January to a staggering $68 billion, Senate Democrats said Thursday, prompting a flurry of new spending proposals from lawmakers that include giving $8 billion back to taxpayers in a move that highlights a disagreement with Gov. Gavin Newsom.
Newsom's Proposed Tax Rebate May Aid California State BudgetCalifornia Gov. Gavin Newsom's proposal to send people another round of government checks, this time to help offset the record-high cost of gas, will do more than just win him political points in an election year — it could help him balance the state's budget.
Newsom's Budget Confronts Climate Change, Homelessness, CrimeNewsom focused much of his budget proposal on some of the state's biggest issues — climate change, homelessness, education, abortion, high-speed rail, the pandemic, crime.
What's In California's New $262 Billion Operating Budget?The budget represents an agreement between Gov. Gavin Newsom and the state's top two legislative leaders, all Democrats.
3 UC Campuses Would Lower Share Of Out-Of-State Students Under New State Budget ProposalA new state budget proposal would have three top University of California campuses lower their share of out-of-state and international students and the UC system would add 6,230 more local students next year.
Closure Of 8 Prisons Could Save California $1 BillionCalifornia, which has a declining prison population, could save more than $1 billion by closing eight lockups, the Legislative Analyst's Office said in a report Thursday.
California Announces First Closure Of State Prison Since 2003A California assemblymember said nearly $200 million in operating costs will be saved after the California Department of Corrections and Rehabilitation's (CDCR) announcement on Friday of the closure of a state prison in Tracy.
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.