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The final agreement funds the approximately 11,000 new slots that had already been awarded and pauses additional expansion of slots by two years, after which additional slots will be subject to ...
But not only has the interest rate on the loan since risen to 2.6% — and may yet rise further — what were once huge surpluses are now a projected record budget deficit of more than $70 billion ...
The deficit number Newsom presented Friday subtracts the $17.3 billion in cuts agreed to earlier from the $37.9-billion deficit estimate from January. Revenues have fallen short of expectations ...
2008–2012 California budget crisis. 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]
If these are not passed, more severe cuts are expected. California's unemployment rate also fell from a high above 12.4% to below 11% in 2012. [13] In 2017 a miscalculation of the costs for the state's Medi-Cal program of $1.9 billion in 2016 led Governor Jerry Brown to project the state of California will face a $1.6 billion budget deficit. [14]
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 ...
End Poverty in California (EPIC) was a political campaign started in 1934 by socialist writer Upton Sinclair (best known as author of The Jungle). The movement formed the basis for Sinclair's campaign for governor of California in 1934. The plan called for a massive public works program, sweeping tax reform, and guaranteed pensions.
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 ...