Despite revenue increase, Newsom plans to pull from California

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 increase, Newsom plans ...

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Despite Revenue Increase, Newsom Plans To Pull From California

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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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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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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 ...

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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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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'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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Gov. Newsom Announces Spending Plans With Surprise Budget …

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5 days ago · No deficits. A “modest” surplus. 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 …

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6 Takeaways From Gavin Newsom’s Proposed 2025-26 Budget

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3 days ago · Newsom’s proposed budget calls for more than doubling the California Film and Television Tax Credit, from $330 million to $750 million for fiscal years 2025-26 through 2029-30.

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

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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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What To Know About Gov. Newsom's Plan To Offset California's $45 ...

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May 10, 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 …

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Newsom's California Budget: Inside The $38 Or $58 Billion Deficit ...

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Jan 14, 2024 · Elsewhere in education, Newsom’s plan to shift a promised $499 million in state support for the University of California and California State University to 2025-26 may …

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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 …

usanews.net

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

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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 …

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

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May 11, 2024 · Despite revenue increase, Newsom plans to pull from California’s rainy day reserves Jan. 6, 2025 After reducing deficit, Newsom proposals bring extra costs to California

latimes.com

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

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Jan 10, 2024 · Gov. Gavin Newsom asked California lawmakers on Wednesday to dip into the state's rainy-day reserves, and signaled his desire to potentially delay a minimum wage …

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

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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 bounty, a total ...

msn.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 Coupon?

How much money will Newsom cut to balance California's budget?

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

Why did Newsom agree to a $297 billion spending plan?

The agreement for a $297.7 billion spending plan is the result of weeks of contentious negotiations with labor unions and business interests after weaker than anticipated revenues forced Newsom and lawmakers to scale back California's progressive policy agenda. ...

Is Newsom right to pull $13 billion from California's reserves?

The legislative analyst's office writes that it is prudent for Newsom to pull $13 billion from California's reserves, leaving about $11 billion in the rainy day fund. They believe this is a necessary move given the continued budget problems likely for future years. ...

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. ...

Why did Newsom cut spending in the upcoming fiscal year?

Newsom and lawmakers anticipated additional revenue declines driven by a declining stock market, high interest rates and increased inflation. Now state leaders must cut spending in the upcoming fiscal year to make up for last year's actual revenue shortfall and an anticipated deficit in the coming year. ...

When will Newsom's budget be finalized?

The lawmakers will propose their own budget for 2024-25 by early June, initiating negotiations between Newsom and the Legislature to finalize a budget plan around June 27. Legislative Republicans have criticized Newsom’s plan as based on gimmicks and accounting tricks. ...