California Tries to Meet Budget to Avoid Another Year of Deficit Spending, State Faces Tough Decisions on CutsDaniel B. Wood, writer of The Christian Science Monitor
It also predicts that the gap between the state's projected revenues and spending next year would grow to nearly three times the 7.4 billion estimated just four months ago. The budget hole is growing after billions in risky budget fixes had failed to materialize and also because revenue projecti...
California lawmakers approved a budget on Wednesday that slashes spending and temporarily raises taxes on some businesses to close an estimated $46.8 billion budget deficit. It's the second year in a row the nation's most populous state has been forced to pare back or delay some of its progre...
CBS13 asked the Department of Finance why there were inconsistencies in the projected budget deficit. A spokesperson for the department said there are three factors: the timing of when estimates are made, differences between revenue forecasts and different interpretations of state spending. "It's ...
California Gov. Jerry Brown warns state legislators that increased spending could eat up the state's recent revenue windfalls.WebsterKeeleyBond Buyer
California Adds $500 Million More to Wildfire Resiliency Budget Lawmakers in California on Thursday authorized an additional $500 million in spending on wildfire prevention and forest resiliency projects, under a junior budget bill passed by both\nhouses without any no votes.\nThe money is on top...
MONEY TROUBLES: California began the year with a staggering budget deficit— and was able to lean heavily on budget maneuvers and reserve funds to close it. But the budget crunch isn’t over yet. The fiscal pressure will continue to build next year, thanks to a health-care spending ballot ...
The governor announced hisupdated budget plan for the 2024-25 fiscal yearon May 10, saying it pained him to push such deep cuts to health and human services but that the state needed to make “difficult decisions” to balance its budget. Unlike the federal government...
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San Francisco Unified School District, which declined to comment on the policies,said it is working to address state concerns about deficit spending and stabilizing district finances. Its enrollment totaled 55,452 for the 2023-24 school year. ...