4 takeaways from Newsom’s budget proposal - Los Angeles Times

5 days ago · After reducing deficit, Newsom proposals bring extra costs to California Dec. 11, 2024 Early outlook suggests $2-billion California deficit, warns of federal changes under Trump

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4 Takeaways From Newsom’s Budget Proposal - Los Angeles Times

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5 days ago · After reducing deficit, Newsom proposals bring extra costs to California Dec. 11, 2024 Early outlook suggests $2-billion California deficit, warns of federal changes under Trump

latimes.com

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After Reducing Deficit, Newsom's Spending Proposals Bring Extra …

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Dec 11, 2024 · LOS ANGELES — An extra $420-million tax break for Hollywood film studios. Twenty-five million dollars to wage legal battles against President-elect Donald Trump. …

gmtoday.com

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After 2 Years Of Shortfalls, California Governor Proposes $322B …

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Jan 6, 2025 · TURLOCK, Calif. (AP) — California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget …

apnews.com

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What's In Gavin Newsom's $323 Billion California Budget

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5 days ago · No deficits. A “modest” surplus of $363 million. Almost $17 billion more in revenue than planned. Gov. Gavin Newsom’s office laid out its vision today for how California should …

calmatters.org

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Despite Revenue Increase, Newsom Plans To Pull From California

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Jan 6, 2025 · California Gov. Gavin Newsom previewed his $322.2 billion budget proposal for 2025-2026 during a visit Monday to California State University, Stanislaus.

yahoo.com

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Newsom Proposes Cuts To Balance $38B State Budget Deficit

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Jan 11, 2024 · The proposal maintains spending on expanded mental health services, another Newsom priority, and includes funds for wellness coaches for children and youth. It largely …

sfstandard.com

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After 2 Years Of Shortfalls, California Governor Proposes ... - Newsday

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Jan 7, 2025 · California Gov. Gavin Newsom outlines his proposed 2025-2026 $322 billion state budget during a news conference at California State University, Stanislaus in Turlock, Calif., …

newsday.com

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Newsom, Democrats Use Cuts, Reserves And ‘budget Emergency’ …

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Jun 22, 2024 · After reducing deficit, Newsom proposals bring extra costs to California Dec. 11, 2024 Gov. Newsom signs budget to close California’s $46.8-billion budget deficit

latimes.com

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In Major Turnaround, California Will Have A Surplus, Newsom Says

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Jan 6, 2025 · His $322.2 billion proposal includes $228.9 billion in general fund spending, the area of the budget over which Newsom and lawmakers generally have the most control. It also …

sfchronicle.com

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Newsom Proposes $322B Budget With No Deficit, But Trump-Era …

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Jan 7, 2025 · Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous …

timesofsandiego.com

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How Newsom Plans To Offset California's $45-billion Deficit - Los ...

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May 11, 2024 · Newsom’s plan to close the deficit relies on $17.3 billion in savings from budget cuts he and lawmakers agreed to in April and using $4.2 billion from the state’s rainy day fund …

latimes.com

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After Reducing Deficit, Newsom Proposals Bring Extra Costs To …

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Dec 17, 2024 · An extra $420-million tax break for Hollywood film studios. Twenty-five million dollars to wage legal battles against President-elect Donald Trump. Unanticipated costs for …

wordandbrown.com

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With Deadline Nearing, Newsom And Lawmakers Disagree Over …

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Jun 6, 2024 · Democratic lawmakers and Gov. Gavin Newsom are scrambling to lessen California’s budget deficit, which Newsom estimated at $37.9 billion in January. April 4, 2024 …

latimes.com

FAQs about 4 takeaways from Newsom’s budget proposal - Los Angeles Times Coupon?

Could the deficit grow with Newsom's budget proposals?

But the deficit could grow with the proposals Newsom unveiled in recent months, cost overruns on existing programs and the potential loss of billions in federal funding as analysts predict more significant budget problems in the years ahead. ...

Does Newsom have a deficit projection?

The LAO reported that the California economy has been in a gradual slowdown over the last two years, with about 25% more unemployed workers overall and declining trends in consumer spending. Newsom did not offer a deficit projection for future years and said he will share more when he presents his revised budget proposal in May. ...

How much money does Newsom need to close the state deficit?

Newsom’s plan to close the deficit relies on closing a $45-billion deficit by using $17.3 billion in savings from budget cuts and $4.2 billion from the state’s rainy day fund and budget reserves. ...

How did Newsom and lawmakers balance state budget deficit?

Gov. Gavin Newsom and lawmakers have struck a deal to balance the state budget deficit. They agreed to make $16 billion in cuts, declare a statewide fiscal emergency, and pull money from the state’s rainy-day reserves. This deal aims to offset a $46.8-billion deficit. ...

What is the deficit number Newsom presented?

The deficit number Newsom presented Friday is $45 billion, which subtracts the $17.3 billion in cuts agreed to earlier from the $37.9-billion deficit estimate from January. ...

How did Newsom plan to handle a potential revenue fall?

Newsom anticipated California’s deficit to grow when he signed the budget last year and said he dedicated much of the new money in his spending plan to one-time funding increases that he could easily halt if revenue were to fall. ...