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Thursday, April 11
by
Fox News
California lawmakers vote for $17B deficit reduction plan
California lawmakers don't know for sure how big their budget deficit is, but on Thursday they decided it's big enough to go ahead and reduce spending by about $17 billion.The vote represents a preemptive strike from Democratic Gov. Gavin Newsom, who ...
Monday, April 8
by
Fox News
Gov. Gavin Newsom faces reckoning with $73B budget deficit lawmakers say he helped create
California Gov. Gavin Newsom has to reconcile a $73 billion budget deficit by the end of June, a problem some lawmakers and analysts say his "mismanagement of state finances" helped create.In 2022, Newsom signed a $301 billion ...
Thursday, April 4
by
Fox News
California Dems reach $17.3B deficit reduction agreement
California Democratic leaders announced Thursday they had come to an agreement on a plan that would reduce the state's staggering multibillion-dollar shortfall by $17.3 billion through a combination of spending cuts, delays and deferrals.Gov. Gavin Newsom had enjoyed unprecedented surplus budgets ...