Deficits articles
-
Blue-state GOP blasts Dem gov over surprise $7B budget deficit increase
Democratic Gov. Gavin Newsom is facing criticism from his Republican colleagues after he announced the budget deficit is actually $7 billion worse than his initial projections, bringing the total shortfall to nearly $74 billion. "The Legislative Analysts Office (LAO) had an estimate that is significantly higher," Republican vice chair of the state budget committee Roger
-
Gov. Gavin Newsom proposes painful cuts to close California's growing budget deficit
By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California’s budget deficit is at least $45 billion, a shortfall so large it prompted Gov. Gavin Newsom on Friday to propose painful spending cuts impacting immigrants, kindergarteners and low-income parents seeking child care in a state often lauded for having the world’s fifth-largest economy. Officially, Newsom
-
Gavin Newsom releases $288 billion revised budget for California. How he tackled the big deficit
California Gov. Gavin Newsom presented a $288 billion revised 2024-25 budget with plans to cut spending & reduce a $27.6 billion deficit.