LAO – Page 3 – California Globe

CA 2025-2026 State Budget Deficit at $2 Billion, Expected To Grow Exponentially

November 21, 2024 2:45 amNovember 21, 2024 2:46 am

The Legislative Analyst’s Office unveiled the California state budget forecast for the 2025-2026 fiscal year on Wednesday, showing a $2 billion deficit for the year, but with the number expected to grow exponentially if more cuts aren’t made soon. California’s...

Gov. Newsom’s Office Insists Budget is ‘Balanced’ – No Deficit

August 30, 2024 2:55 amAugust 31, 2024 11:58 am

Did you know that Governor Gavin Newsom’s budget is balanced? That the governor’s budget does not have a $55 million to $80 million deficit? Neither did I until Gov. Newsom’s Deputy Director for Rapid Response Brandon Richards (He/Him) contacted the...

Governor Newsom Signs 2024-2025 State Budget

July 1, 2024 5:16 pmJuly 2, 2024 3:51 pm

Governor Gavin Newsom signed the 2024-2025 state budget legislation Saturday, officially putting the new $297.9 billion budget into effect on Monday. The California State Legislature approved the 2024-2025 budget plan on Wednesday night, giving the green light on California spending...

Legislature Approves $297.9 Billion 2024-2025 State Budget

June 27, 2024 5:56 pmJune 27, 2024 5:56 pm

The California State Legislature approved the 2024-2025 budget plan on Wednesday night, giving the green light on California spending $297.9 billion beginning on July 1st. For months, Governor Gavin Newsom, Assemblymembers, and Senators have been at odds over how much...

Governor Newsom, Legislature Agree To $297.9 Billion 2024-2025 State Budget

June 24, 2024 12:47 pmJune 24, 2024 12:47 pm

Governor Gavin Newsom, Senate President pro Tempore Mike McGuire (D-Healdsburg) and Assembly Speaker Robert Rivas (D-Salinas) announced this weekend that they have agreed to a state budget of $297.9 billion, of which $211.5 billion comes from the general fund. According...

Newsom’s Budget Revisal Proposes 10,000 Vacant State Jobs Being Cut, Cuts To 260 State Programs

May 11, 2024 7:45 amMay 11, 2024 7:45 am

During his May revised 2024-2025 state budget proposal announcement on Friday, Governor Gavin Newsom proposed cutting around 10,000 vacant state jobs, as well as spending to 260 state programs. Back in January, Governor Newsom released his first 2024-2025 state budget...

$61 Million in California Film Tax Credits Unveiled

February 26, 2024 12:22 pmFebruary 26, 2024 12:23 pm

The California Film Commission (CFC) announced on Monday that they would be allocating $61 million of the roughly $330 million in California film tax credits, with the Disney Production The Mandalorian and Grogu to receive a near record amount of...