Tag: $54.3 billion deficit gap
Assembly Approves 2020-2021 State Budget of $202.1 billion
On Friday, the California State Assembly approved the $202.1 billion 2020-2021 state budget 57-16, one day after being approved by the Senate. Final approval in Sacramento The budget, which had to bridge a $54.3 billion deficit gap, will include many...
Governor Newsom Declares State Budget Emergency to Use Rainy Day Funds
On Thursday, Governor Gavin Newsom declared a state budget emergency to use emergency “rainy day” funds for the 2020-2021 budget and to help bridge the $54.3 billion deficit gap. The rainy day funds were opened up to help pay for...