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California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...
Gov. Gavin Newsom and California lawmakers agreed to a $310.8 billion budget deal that will reduce investments in climate change and delay funding for kindergarten facilities to offset a nearly ...
After 1900, California continued to grow rapidly and soon became an agricultural and industrial power. The economy was widely based on specialty agriculture, oil, tourism, shipping, film, and after 1940 advanced technology such as aerospace and electronics industries – along with a significant military presence.
Prisons: A trim of $750 million to the California Department of Corrections and Rehabilitation (CDCR) is part of the final budget agreement. Newsom had already proposed saving $82 million by ...
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.
The governor faces another tough budget year as the state continues to grapple with a spending shortfall. ... California Gov. Gavin Newsom on Friday unveiled his revised $288 billion budget ...
The 1992 California budget crisis began on July 1, 1992, when the California State Legislature and Governor Pete Wilson failed to pass a budget by the constitutional deadline, [1] and ended 63 days later. [2]