Category: California Budget Deficit

California Voters Say Economy Is Most Important Issue, Half Disapprove of Reparation Payments: Poll

June 13, 2023
CaliforniaCalifornia Budget DeficitFentanyl CrisisGavin NewsomNorthern CaliforniaPolicies & ImpactsPoliticsRegional & State NewsReparation Task ForceSean HannitySocial IssuesSouthern CaliforniaState NewsUSUS News
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California voters say the economy is the most important issue facing the state and half of them don’t support paying reparations to black residents, according to a new poll by Emerson College Polling and Inside California Politics. The survey, released on June 12, asked registered voters questions on a variety of topics, including presidential candidates…

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California Deficit Expands to $31.5 Billion, Newsom Proposes Broad Spending Cuts in Revised Budget

May 12, 2023
CaliforniaCalifornia Budget Deficitcalifornia exoduseconomyfentanylGavin NewsomNorthern CaliforniaPolicies & ImpactsRegional & State NewsRegional NewsSouthern CaliforniaState NewsUSUS News
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California Gov. Gavin Newsom announced proposed revisions to the state’s 2023–24 fiscal budget on May 12 during a press conference at the state Capitol, with an additional $9 billion deficit added to prior estimates. Uncertainty was a key talking point during the governor’s remarks, with inflation, rising interest rates, financial market jitters, and delayed tax…

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California Could Face $7 Billion Higher Budget Deficit Than First Forecast

February 27, 2023
CaliforniaCalifornia Budget DeficitGavin NewsomNorthern CaliforniaRegional & State NewsRegional NewsSouthern CaliforniaState NewsUSUS News
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As revenues continue to fall, California may face a $7 billion higher budget deficit than the governor forecast in January, according to the state’s Legislative Analyst’s Office. “Although the Governor’s budget revenue estimates are reasonable, they are likely a bit too high,” according to Legislative Analyst Gabriel Petek’s 2023–24 Multiyear Assessment report issued Feb. 15….

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California Governor Unveils $297 Billion Budget With Cuts to Close $22.5 Billion Deficit

January 14, 2023
California Budget DeficitGavin NewsomLegislative Analyst's OfficeLocal NewsNorthern CaliforniaPolicies & ImpactsRegional NewsRegional-Local NewsSouthern CaliforniaUS
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Gov. Gavin Newsom announced Jan. 10 a $297 billion budget proposal, with substantial cuts and delayed spending in various areas aiming to close California’s projected $22.5 billion shortfall in the next fiscal year. The proposed budget for the fiscal year 2023–24, which would start in July, would postpone and reduce funding for some programs, such…

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