Newsom floats $322 billion budget that would pull California out of deficit
Gov. Gavin Newsom’s proposal included a $228.9 billion general fund that would rely on $17 billion in reserves
After 2 years of shortfalls, California governor proposes $322B budget with no deficit
California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit. It’s a welcome change after two years of significant budget shortfalls in the nation’s most populous state.
In major turnaround, California will have no budget deficit, Newsom says
TURLOCK — California will not have a budget deficit next year, Gov. Gavin Newsom announced on Monday based on projections from his finance team. The budget picture Newsom describes is a major turnaround from the $47 billion deficit last year and the $32 billion shortfall the year before.
Proposed California budget has no deficit, but could be affected by federal government
The budget Newsom announced Monday is mostly a placeholder as California waits to see if incoming President Donald Trump will follow through on threats to revoke billions in federal dollars, which could force lawmakers to make painful cuts to essential programs.
Gov. Gavin Newsom announced a $322.2 billion budget with no deficit. Here’s what’s in it
California no longer faces a budget deficit, Gov. Gavin Newsom said Monday, two months after budget officials projected a $2 billion deficit that had left little room for additional government spending.
Newsom proposes ‘balanced’ budget with no deficits
California Gov. Gavin Newsom (D) on Monday proposed a $322 billion budget that he said would be “balanced” and without deficits — marking a significant turnaround after two years of
Governor Newsom Proposes $322 Billion Budget with No Deficit
California Governor Gavin Newsom has proposed a $322 Billion state budget for the next fiscal year. Newsom says the budget, which comes after two years of massive state deficits, will be balanced and without a deficit.
Gov. Gavin Newsom proposes $322B budget for California with no deficit
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. But the budget Newsom announced Monday is mostly a placeholder as California waits to see if incoming President Donald Trump will follow through on threats to revoke billions in federal dollars,
Despite revenue increase, Newsom plans to pull from California’s rainy day reserves
California Gov. Gavin Newsom previewed his $322.2 billion budget proposal for 2025-2026 during a visit Monday to California ...
Should California save more for a rainy day? OC legislator wants voters to decide
The proposal aims to increase the amount of money California is required by law to transfer to its rainy day fund.
New legislation proposes to cut federal funding to California High Speed Rail
CALIFORNIA, USA — Governor Gavin Newsom promised a balanced budget with no deficit and included in that plan is continuing work on the controversial California High Speed Rail project. It's been in ...
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Governor Newsom visits Kern County to highlight high-speed rail progress on state tour
Governor Gavin Newsom is in Kern County to announce progress on California’s high-speed rail.This is his sixth stop on the ...