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  2. 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 ...

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

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

    The mortgage payment for a median California home has risen from $3,500 to $5,400 in the past two years, in large part due to higher interest rates. Higher costs have resulted in Californians ...

  4. After 2 years of shortfalls, California governor proposes ...

    www.aol.com/2-years-shortfalls-california...

    California Gov. Gavin Newsom outlines his proposed 2025-2026 $322 billion state budget during a news conference at California State University, Stanislaus in Turlock, Calif., Monday, Jan. 6,2025.

  5. California state finances - Wikipedia

    en.wikipedia.org/wiki/California_state_finances

    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 ...

  6. Politics of California - Wikipedia

    en.wikipedia.org/wiki/Politics_of_California

    California's government consists of three branches: the executive, legislative, and judicial branches. The California State Legislature is bicameral. The lower house, the California State Assembly, has 80 members, and the upper house, the California State Senate, has 40 members. [2] The executive branch is led by the Governor of California. [3]

  7. 2008–2012 California budget crisis - Wikipedia

    en.wikipedia.org/wiki/2008–2012_California...

    News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...

  8. California budget deal: Here’s who won and who lost in $300 ...

    www.aol.com/california-budget-deal-won-lost...

    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 ...

  9. California Democrats agree to delay health care worker ...

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    Democrats in California have agreed to delay a minimum wage increase for about 426,000 health care workers to help balance the state's budget. The agreement between Gov. Gavin Newsom and ...