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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]
In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
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 ...
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A report the Legislative Analyst’s Office released on Thursday showed a tax revenue shortfall has created a “serious budget deficit” for the 2024-2025 fiscal year.
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 huge budget problem that could force thorny decisions from Democratic leaders who enjoyed a more than $100 billion surplus just three years ago. Democratic Gov. Gavin Newsom on ...