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  2. California has lost 25% of income taxes. Now, a new budget ...

    www.aol.com/news/california-lost-25-income-taxes...

    In 2022 and 2023, the number of companies that went public is down 80% compared to 2021, according to the LAO. ... Combine that with the drop in corporate tax revenue and personal income tax ...

  3. List of U.S. state budgets - Wikipedia

    en.wikipedia.org/wiki/List_of_U.S._state_budgets

    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 year 2023. Figures do not include state-specific federal spending, or transfers of federal funds.

  4. Takeaways from the California budget deal between Newsom and ...

    www.aol.com/news/takeaways-california-budget...

    Gov. Gavin Newsom and California lawmakers agreed to a $310.8 billion budget deal that will reduce investments in climate change and delay funding for kindergarten facilities to offset a nearly ...

  5. California governor would slash 10,000 vacant state jobs to ...

    www.aol.com/news/californias-budget-deficit...

    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 ...

  6. California governor proposes $322B budget with no deficit - AOL

    www.aol.com/california-governor-proposes-322b...

    California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state. About a ...

  7. California state finances - Wikipedia

    en.wikipedia.org/wiki/California_state_finances

    California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...

  8. With deadline nearing, Newsom and lawmakers disagree over ...

    www.aol.com/news/deadline-nearing-newsom...

    Gov. Gavin Newsom and Democratic lawmakers work to settle their differences over a few key budget cuts to reduce California's massive deficit. ... on June 30, 2023. ... year early in 2022 when the ...

  9. How Newsom plans to fix California's projected $37.9-billion ...

    www.aol.com/news/newsom-plans-fix-californias...

    California's budget difficulties were compounded last year when the state and federal government delayed the deadline to file 2022 income tax returns from April to November due to winter storms ...