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Furlough at a California Department of Motor Vehicles office in 2009. The U.S. state of California had a budget crisis in which it faced a shortfall of at least $11.2 billion, [1] and projected to top $40 billion over the 2009–2010 fiscal years. [2]
‘Everything is on the table’ to fix $68 billion California budget gap — even a fiscal emergency ... showed a tax revenue shortfall has created a “serious budget deficit” for the 2024 ...
California faced a $26.3 billion budget deficit for the 2009–2010 budget year. [7] While the legislative bodies appeared to address the problem in 2008 with the three-month delayed passage of a budget they in fact only postponed the deficit to 2009 and due to the Great Recession and the 2007–2008 financial crisis the problem became urgent ...
The 2024-25 deficit is more than double what the deficit was last year. California has a $68 billion deficit. Here are 5 ways Gavin Newsom could address the budget
Newsom’s office considers that spending reduction to be baseline, while the LAO considers it a policy choice for lawmakers and the governor to make while crafting the 2024-25 budget.
California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he's proposing cutting 10,000 vacant state jobs and suspending some widely used business ...
The $750 million in reductions apply over a three-year budget window of 2022-23, 2023-24, and 2024-25 – the bulk of the savings coming in the next fiscal year, according to an Assembly floor report.
Democratic lawmakers and Gov. Gavin Newsom are scrambling to lessen California's budget deficit, which Newsom estimated at $37.9 billion in January.