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11 maj 2024 · SACRAMENTO, Calif. (AP) — California has a huge budget problem that could force thorny decisions from Democratic leaders who enjoyed a more than $100 billion surplus just three years ago. This is the second year in a row the nation’s most populous state is facing a multibillion-dollar shortfall.
The biggest challenge facing lawmakers and Gov. Gavin Newsom is the state budget deficit — and it just got bigger. Today, the Legislative Analyst’s Office projected the shortfall as $15 billion higher, or $73 billion.
22 cze 2024 · The state government’s financial problem can be blamed in part on poor revenue projections that led Newsom and lawmakers to allocate more money for programs than they had available to spend.
26 mar 2024 · Around the time of the 2007–8 financial crisis, California faced a budget deficit of about $40 billion, which led to state worker furloughs and layoffs, the use of state IOUs, and a temporary increase in the state sales tax and in the top income tax rate.
16 maj 2024 · The much-revised 2024-25 state budget that Gov. Gavin Newsom released last week contains hundreds of spending reductions and other actions to close what he says is a $44.9 billion deficit.
11 maj 2024 · Newsom cast California’s current financial situation as a return to normal after the federal government provided trillions of dollars in funding to individuals, families, businesses and state...
7 gru 2023 · California is facing a $68 billion budget deficit, the state’s nonpartisan fiscal analyst announced on Thursday, signaling a “serious” financial challenge for the Democratic-led...
