california budget deficit news

budget, Newsom and California

Newsom floats $322 billion budget that would pull California out of deficit

Gov. Gavin Newsom (D-CA) proposed a $322 billion budget for California on Monday in an attempt to burnish his legacy as his time leading the state draws to a close. If his budget is approved, it would be the first time in two years California is not expected to have a deficit in its state

Sacramento Bee on MSN · 3d

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.

Yahoo · 3d

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.

1hon MSN

California has more money than expected. Here’s how Gavin Newsom wants to spend it

Gov. Gavin Newsom expects a small California budget surplus after facing a deficit one year ago. His office is releasing ...

15h

Trump, wind, water and fire

Everything's connected, we know. But not as intimately as Donald Trump has suggested in a series of social media posts since LA's wildfires broke out.

Santa Rosa Press Democrat1d

California’s $20 billion unemployment debt is looking like a political hot potato

The legislative analyst has a plan to fix the "structural insolvency" of the unemployment benefits fund — but businesses aren ...

3don MSN

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 ...

7don MSN

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.

4hon MSN

Gavin Newsom Cut $100M From Fire Prevention Budget Before California Fires

Just over $100 million was cut from California's wildfire and forest resilience fund in the latest budget, though total ...

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