state budget deficit – Page 2

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...

Possible New Approach for Appropriations Bills?

February 18, 2023 9:42 amFebruary 18, 2023 9:45 am

In reviewing the hundreds of new bill introductions for the 2023 California Legislative Session, I came across a possible new approach for appropriations bills. Will this approach take hold with other measures as well? The language is found in a...

California State Capitol dome shines against blue sky

California Legislature Approves State Budget Plan Hours Before Deadline

June 16, 2020 3:13 amJune 16, 2020 6:25 am

On Monday, the California Legislature approved a state budget plan only hours before the June 15th deadline that would have had lawmakers forfeit their pay. A new budget plan from the Legislature The approved budget largely followed their proposal made...

California Legislature Announces 2020-2021 Budget Proposal

June 4, 2020 8:32 pmJune 5, 2020 7:50 am

On Wednesday, the California Assembly and Senate announced a budget proposal that would largely be left intact without many significant cuts, putting it directly at odds with Governor Gavin Newsom’s budget proposal. Senators and Assembly members don’t want Newsom’s budget...

Gov. Newsom Cuts $6.1 Billion in Revised State Budget with a $54.3 Billion Deficit

May 14, 2020 5:49 pm

On Thursday, Governor Gavin Newsom introduced a revised 2020-2021 state budget proposal that would include over $6 billion in cuts. $6.1 billion in cuts, a $54.3 billion deficit Under the May budget revision, $6.1 billion in programs and spending increases...