Despite revenue increase, Newsom plans to pull from California's …

Jan 6, 2025 · California Gov. Gavin Newsom offered an early preview of his January budget proposal, with a promise to deliver more details at the end of the week. Newsom projects $16.5 billion in revenue over ...

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Despite Revenue Increase, Newsom Plans To Pull From California's …

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latimes.com

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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. ... Despite revenue …

yahoo.com

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

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5 days ago · Despite revenue increase, Newsom plans to pull from California’s rainy day reserves California Gov. Gavin Newsom previewed his $322.2 billion budget proposal for 2025-2026 …

latimes.com

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What’s In Gavin Newsom’s 2025 Budget Plan For California?

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5 days ago · Despite the revenue increase, Newsom proposed pulling $7.1 billion from the state’s rainy day fund in the upcoming fiscal year. Stephenshaw said this was to plan for federal policy ...

sacbee.com

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

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6 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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California's Governor Just Released His First Budget Plan For 2025 …

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5 days ago · Newsom’s proposal for the 2025-2026 budget, unveiled Friday, has plans to pull $7.1 billion from the state’s rainy day reserve fund. That’s on the heels of a $5.1 billion draw from …

ocregister.com

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Despite Revenue Increase, Newsom Plans To Pull From California's …

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Jan 7, 2025 · SACRAMENTO, Calif. — Gov. Gavin Newsom touted higher than expected tax revenues and a "modest surplus" in an unconventional preview of his $322.2 billion spending …

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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 …

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Newsom's Plan To Use California's Rainy Day Reserves Despite …

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Jan 7, 2025 · California Governor Gavin Newsom surprised many with an early and partial unveiling of his $322.2 billion spending proposal for the upcoming fiscal year. Despite a …

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California Could Cut 10,000 Unfilled State Positions In New Budget ...

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May 10, 2024 · Despite revenue increase, Newsom plans to pull from California's rainy day reserves California Gov. Gavin Newsom previewed his $322.2 billion budget proposal for 2025 …

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California Has More Money Than Expected. Here’s How Gavin …

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6 days ago · Almost $17 billion more in revenue than planned. Gov. Gavin Newsom’s office is scheduled to formally lay out its vision today for how California should spend its considerable …

pressdemocrat.com

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How Newsom Plans To Fix California's Projected $37.9-billion ... - AOL

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Jan 10, 2024 · Newsom described his plan as an example of resilience as he outlined the $291.5-billion budget proposal for fiscal year 2024-25 during a presentation Wednesday in Sacramento.

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California Has More Money Than Expected. Here’s How Gavin …

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2 days ago · Newsom’s budget would cut corrections spending by $400 million, bringing it down to $13.6 billion. Most of the cuts took hold last summer, but Newsom is going forward with …

localnewsmatters.org

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California Has More Money Than Expected. Here's How Gov.

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After Reducing Deficit, Newsom Plans Bring Extra Costs To …

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Dec 11, 2024 · Gov. Gavin Newsom has unveiled plans to increase the cap on California’s film and TV tax credit program to $750 million as Hollywood struggles to compete with rivals. Oct. …

latimes.com

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California Has More Money Than Expected. Here’s How Gavin …

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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 …

calonews.com

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Despite Revenue Increase, Newsom Plans To Pull From California's …

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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. Despite revenue …

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FAQs about Despite revenue increase, Newsom plans to pull from California's … Coupon?

Does Newsom have a budget error?

This bit of recent budgetary history is offered because a new state budget cycle began on Friday, when Newsom’s finance director, Joseph Stephenshaw, unveiled an initial $322.3 billion 2025-26 budget proposal, including a $228.9 billion general fund. Overall, it means that the $165.1 billion error still haunts the budget. ...

Will Gov Newsom's spending proposals swallow up extra money in California?

Tax revenues have exceeded estimates in California, but Gov. Gavin Newsom’s spending proposals and other state costs could quickly swallow up any extra funds. An extra $420-million tax break for Hollywood film studios. Twenty-five million dollars to wage legal battles against President-elect Donald Trump. ...

How much money will Newsom spend a year?

The early, yet incomplete look at his proposal shows that Newsom’s annual spending plan has grown by $24 billion compared to the current budget enacted in July. The governor announced a projection of an extra $16.5 billion in tax revenue above his administration’s prior estimates, which the Department of Finance said is spread over three years. ...

How much money will Newsom withdraw from California's rainy day reserves?

Newsom’s office said he plans to withdraw another $7.1 billion from California’s rainy day reserves in the upcoming budget year, after declaring a fiscal emergency last year to take out $5.1 billion to balance the current budget and another $900 million from a safety-net reserve. ...

Will Newsom pull money from Rainy Day reserves?

Gov. Gavin Newsom touted higher than expected tax revenues and a “modest surplus” in an unconventional preview of his $322.2 billion spending proposal for the upcoming fiscal year, but his office said he still plans to pull money from the state’s rainy day reserves to pay for policy priorities. ...

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

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 and budget reserves for the upcoming fiscal year. ...