$297 billion state budget – California Globe

Legislative Analyst Warns California Can’t Afford Gov. Newsom’s 2023-24 Budget

May 24, 2023 12:42 pmMay 24, 2023 12:42 pm

The Legislative Analyst’s Office (LAO), the California Legislature’s nonpartisan fiscal and policy advisor, announced on Tuesday that the state would unlikely be able to afford the May revisions to the 2023-2024 budget as proposed by Governor Gavin Newsom, and that...

Governor Newsom’s Budget Deficit Has Climbed To $31.5 Billion

May 12, 2023 1:05 pmMay 12, 2023 1:08 pm

Governor Gavin Newsom announced Friday that the state’s budget deficit has ballooned by $9 billion, going from the initial January estimate of $22.5 billon to $31.5 billion, leading to more major cuts being implemented next fiscal year. https://twitter.com/CAgovernor/status/1657067510108405761 In total,...

Gov. Newsom Unveils $297 Billion Budget Proposal With $22.5 Billion Deficit

January 10, 2023 3:41 pmJanuary 10, 2023 6:42 pm

California Governor Gavin Newsom presented a $297 billion 2023-2024 budget plan on Tuesday, with a projected deficit of $22.5 billion. In the last several years, California has seen large budget surpluses, with $38 billion reported in 2021-2022, and $97.5 billion...