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California Gov. Gavin Newsom signs budget to close $46.8B budget deficit
On Saturday, June 29, 2024, Newsom signed California's budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and temporarily raising taxes on some businesses.
California lawmakers ripped after approving $150K down payment ‘handout’ to illegal immigrant home buyers: ‘This is crazy’
Assembly Bill 1840 would grant undocumented immigrants access to the state’s taxpayer-funded home loan program, which ...
kcra.com1mon
Gov. Newsom declines pay raise as California grapples with budget issues
As California continues to deal with ... finalized the state spending plan, which works to close an estimated $46.8 billion budget deficit. The spending plan resulted in about $16 billion worth ...
EdSource9mon
Legislative Analyst: State to face $58 billion, three-year budget deficit
In the first glimpse at a dark financial forecast, the Legislative Analyst’s Office reported Friday that the next California state budget will likely face a three-year $58 billion deficit, on the ...
Napa Valley Register1y
California's new budget covers $32 billion deficit without touching reserves
SACRAMENTO — California Gov. Gavin Newsom and the ... endorsing a plan that covers a nearly $32 billion budget deficit without raiding the state’s savings account. The nation’s most populous ...
LAist26d
California budget deficit sidelines more bills
On their first day back from summer recess, California lawmakers made ... also due to the deficit. To balance the 2024-25 budget, lawmakers and Gov. Gavin Newsom had to make widespread cuts ...
Fox News4d
California bill that would give undocumented first-time homebuyers money despite lack of funding advances
California lawmakers voted a bill through the ... for the Calfornia Dream for All Program this year due to an expected budget shortfall for 2024-2025. Both the governor and state legislatures ...
University Of California, Santa Cruz Faces $111 Million Budget Deficit
The University of California, Santa Cruz will be forced to lay off employees at it attempts to reduce a $111 million budget deficit for the new academic year.
KSBW The Central Coast9d
UCSC to start layoffs to help close over $100 million budget deficit
The University of California, Santa Cruz announced that a higher-than-expected budget deficit will require the elimination of some positions. Chancellor Cynthia Larive said that at the close of ...
Crain's Chicago Business2d
To plug a nearly billion-dollar budget gap, Johnson may reverse a campaign tax pledge
Facing a budget shortfall of $982.4 million for ... even while city officials seek to close a $222.9 million deficit remaining in 2024. This year's shortfall is tied to a reduction in corporate ...
Chicago’s Budget Deficit Balloons to Nearly $1 Billion in 2025
Chicago Mayor Brandon Johnson announced that city’s deficit for 2025 will be close to $1 billion because of higher pension and labor costs. The city will need to fill an unexpected shortfall in this ...