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The proposed delay in the rate increase would reduce state funding for those programs by $612.5 million while sacrificing $408 million from the federal government, resulting in a total reduction ...
With weaker revenues than expected, Gov. Gavin Newsom wants to declare a budget emergency and ask California lawmakers to dip into the state's reserves. How Newsom plans to fix California's ...
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 ...
The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
Newsom's plan seeks to solve the budget deficit for the next two budget years, including additional cuts, reductions and delays to solve an estimated $28.4-billion deficit in 2025-26.
The Harry W. Colmery Veterans Educational Assistance Act of 2017 (Public Law 115-48), commonly known as the "Forever GI Bill", eliminated the 15-year use-it-or-lose-it constraint associated with the Post-9/11 GI Bill education benefit.
In response to these challenges, California's government recently passed a budget for 2024-25 that aims to maintain fiscal stability and supports core programs without resorting to deep program cuts.
February 2 – The 67th Annual Grammy Awards will be held at the Crypto.com Arena in Los Angeles, honoring the best in music from September 2023 to August 2024. [7]March 2 – The 97th Academy Awards will be held at the Dolby Theatre in Hollywood, Los Angeles, honoring the best in films released in 2024.