state budget surplus – California Globe

Governor Newsom Approves, Signs $202.1 Billion Budget

June 30, 2020 7:38 pmJuly 3, 2020 9:29 am

On Monday, Governor Gavin Newsom signed the $202.1 billion state budget, confirming state spending for the 2020-2021 fiscal year. A new budget dependent on federal funding The signing of the 2020 Budget Act culminated a six month process that initially...

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...