“We endeavored to make this year’s budget a nonevent,” Newsom said. “Last year, we endeavored to solve the problems this year and did something we haven’t done in the past.” The2024-2025 budgetincluded total expenditures of $297.9 billion and a deficit of $46.8 billion,requiring cu...
California's Proposed Budget for Fiscal 2017-2018 Revised Higher More (Reuters) - California on Thursday revised it's proposed state budget for fiscal year 2017-18 to $183.4 billion, about 2.2 percent higher than the budget proposed in January. The revision to the proposed state budget ...
Forty-five percent of Latinos supported Trump in the 2024 election, which is a record high for a Republican presidential nominee, according to NBC News polling. Trump flipped 10 counties in California that had supported Joe Biden in 2020. As a result, more Latinos than ever are now Republican...
SACRAMENTO, Calif. (AP) — With state revenues at an all-time high,CaliforniaGov. Gavin Newsom on Monday proposed a budget that would cut taxes while also promising to pay the health care expenses of all of the state's low-income adults who are living in the country il...
Proposed California budget cuts affecting most vulnerableMatthias Gafni
The government’s budget proposal for 2024-25 also includes $8.5 billion in spending cuts, with about half of those cuts spread across various housing and climate programs. The rest of the deficit comes from a combination of delays, deferrals, borrowing and sh...
June 5, 2024 A large jump in the debt-service ratio could harm the state’s credit rating, which now falls in themiddle of the packamong the 50 states. Texas and Florida are among the better-rated states, while Illinois and New Jersey are among those with lower ratings. ...
LOS ANGELES,Dec. 18, 2024/PRNewswire/ -- Post-election, anew outlookforCaliforniatakes stock of the state's economic standing and concludes that the world's fifth largest economy is still home to high incomes, high economic output, and cri...
California has surpassed2 million zero-emission vehicles sold, according to the governor’s office. The state, however, could face a $2 billion budget deficit next year, Reuters reported, citing a non-partisan legislative estimate released last week....
FILE - Retirees Ron Martin, left, and Willie Mae Hampton, right, join other supporters of the Service Employees International Union at a rally against proposed budget cuts to state provided social safety net programs, in Sacramento, Calif., Tuesday, June 11, 2024. (AP Photo...