December 5, 2025
California Globe
  • Governor
  • Legislature
  • Local
  • National
  • Hollywood
  • Opinion

Tag: budget deficit

Will Gov. Gavin Newsom Face a Reckoning with His $73B Deficit in the $330 Billion Budget?

April 9, 2024   12:00 pmApril 10, 2024   7:44 am
When are budget cuts not really budget cuts? When they are in Gov. Gavin Newsom’s budget. California has a budget deficit of $73 billion, the Legislative Analyst’s Office reports. Gov. Newsom claimed the budget deficit was only $30 billion in...
Read More

Another $170 Million – EDD Faces Fed Debt Interest Hike

February 29, 2024   2:25 pmFebruary 29, 2024   2:25 pm
On January 1, the interest rate the federal government is charging the state on its more than $20 billion unemployment insurance trust fund debt rose from 1.68% to 2.61%. At first blush, that doesn’t look like too much and the...
Read More

California Budget Deficit Balloons To $73 Billion According to Legislative Analyst

February 20, 2024   6:43 pmFebruary 20, 2024   6:43 pm
According to a new updated revenue forecast report released by the Legislative Analyst’s Office on Tuesday, California’s budget deficit for the 2024-2025 year was increased from the previously estimates of $58 billion and $68 billion to $73 billion. California’s state...
Read More

Gov. Gavin Newsom Disappears $30 Billion of the Deficit in New Budget

January 10, 2024   1:47 pmJanuary 10, 2024   1:47 pm
Where did $30 billion of California’s budget deficit go? California Governor Gavin Newsom put on quite a budget show this morning, feigning indignation over the Legislative Analyst’s Office’s recent update on the state’s actual budget deficit, which the LAO put...
Read More

California Budget Deficit Climbs To $68 Billion

December 7, 2023   7:51 pmDecember 7, 2023   7:51 pm
The Legislative Analyst’s Office (LAO) announced on Thursday that the state budget deficit now stands at $68 billion for the 2024-2025 fiscal year, $10 billion higher than initial projections showed earlier this month. California’s state budget has fluctuated wildly in...
Read More

Legislative Analyst Reports: California Facing $58 Billion Budget Deficit Over Next Few Years

December 1, 2023   10:39 pmDecember 1, 2023   10:39 pm
According to a new report released by the Legislative Analyst’s Office (LAO) on Friday, California will likely face a budget deficit of $58 billion over the next few years, with massive spending cuts likely to come because of less than...
Read More
Maria Elena Durazo

California Legislature Proposing Unemployment Benefits For Illegal Immigrants

May 16, 2023   4:06 pmMay 17, 2023   3:27 pm
The California Legislature is proposing a program to provide unemployment benefits to illegal immigrants coming to and residing in the state. Senate Bill 277 by State Senator Maria Elena Durazo (D-Los Angeles) proposes income assistance to unemployed “excluded workers” who...
Read More

Posts navigation

Previous 1 2 3 Next

Get a weekly summary of California Globe stories:

Follow Us

Editor: Katy Grimes,  katy@californiaglobe.com
|
Reporter: Evan Symon,  evan@californiaglobe.com
|
  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Advertise with us
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/