Search results
Results from the WOW.Com Content Network
House Republican leaders were expected to hold a vote on a sweeping budget resolution that faces headwinds partly because vulnerable California Republicans might oppose controversial cuts to Medicaid.
California is facing an estimated spending gap of up to $73 billion. Newsom and legislative leaders must negotiate a budget by June 15, before fiscal year 2024-25 starts on July 1.
Implementing the tax credit adjustments in 2024 allows the Legislature to adopt fewer cuts to other programs in its budget plan, saving more than $3 billion into 2026.
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 ...
Newsom is referring to the shortfall as $27.6 billion in 2024-25, but California is making cuts and reductions to solve a total budget deficit of $44.9 billion this year. Read more: Newsom called ...
As for the LAO, the group identified several one-time or temporary spending cuts that could be made to address the budget shortfall from fiscal year 2023-24 through 2025-26.
The California Legislature on Thursday rejected many of Gov. Gavin Newsom's most difficult budget cuts, choosing instead to speed-up a temporary tax increase on some businesses to help pay off an ...
DOGE has been linked to Trump's campaign promises to reduce federal spending, the size and influence of the federal government, and the federal fiscal deficit. [14] Musk was the largest donor in the 2024 United States presidential election, spending over US$290 million in support of Trump and other Republicans, primarily in the final five weeks of the campaign.