What's in Gavin Newsom's $323 billion California budget

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 spend its considerable bounty, a total budget of $322 billion — projected to be the second …

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

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calmatters.org

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

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Jan 6, 2025 · The budget picture Newsom describes is a major turnaround from the $47 billion deficit last year and the $32 billion shortfall the year before. ... In major turnaround, California …

sfchronicle.com

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Gavin Newsom Announces End Of California Budget Deficit

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Jan 6, 2025 · TURLOCK. California no longer faces a budget deficit, Gov. Gavin Newsom said Monday, two months after budget officials projected a $2 billion deficit that had left little room …

sacbee.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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Newsom Projects Slight Budget Surplus For 2025, With Focus On …

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Jan 7, 2025 · The projected surplus, fueled by higher-than-expected tax revenue, represents a likely turnaround from the budget shortfalls of the last two years, including the $27.6 billion …

laist.com

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Newsom Projects Surplus - LAist

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Jan 7, 2025 · The projected surplus, fueled by higher-than-expected tax revenue, represents a likely turnaround from the budget shortfalls of the last two years, including the $27.6 billion …

laist.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 …

usnews.com

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After Years Of Surpluses, California Headed Toward A Deficit

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Jan 10, 2023 · California Gov. Gavin Newsom says the state will have a $22.5 billion budget deficit. ... California's deficit is a sharp turnaround from the previous year, when California had …

local10.com

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How California's $98 Billion Surplus Became A $31-plus Billion …

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Oct 25, 2023 · Seventeen months ago, while unveiling a much-revised 2022-23 state budget, Gov. Gavin Newsom bragged of having a $97.5 billion surplus to expand health care, social …

calmatters.org

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California Won’t Have Much Money To Fight Trump, Budget Outlook …

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Nov 20, 2024 · Early projections show California will face a $2 billion deficit this year, a major turnaround from the $47 billion deficit last year and a $32 billion shortfall the year before. The …

sfchronicle.com

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After A $100 Billion Surplus, California Now Faces A $73 Billion …

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Mar 26, 2024 · After A $100 Billion Surplus, California Now Faces A $73 Billion Budget Deficit. Last month, California’s Legislative Analyst’s Office, or LAO, which is the nonpartisan state …

hoover.org

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After Years Of Budget Surpluses, California Headed Toward $22.5B ...

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Jan 11, 2023 · California faces a projected budget deficit of $22.5 billion for the coming fiscal year, Newsom announced Tuesday, just days into his second term. ... California's deficit is a sharp …

cbsnews.com

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California Budget Deficit Soars To $68B — Schools Could Face Cuts

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Dec 7, 2023 · In major turnaround, California will have a budget surplus, Newsom says The budget picture Newsom describes is a major turnaround from the $47 billion deficit last year …

sfchronicle.com

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Governor, Legislative Democrats Turn California Budget Surpluses …

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The nonpartisan Legislative Analyst’s Office (LAO) announced this morning that California has a projected $58 billion revenue shortfall through the next fiscal year, a sharp but entirely …

ca.gov

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California’s Budget Black Hole: Where Did The $97.5 Billion Surplus …

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Jan 10, 2023 · Sen. Nielsen was right – that spending was the pork-barrel projects injected by individual legislators into California’s 2019-20 state budget. Responses to Gov. Newsom’s …

californiaglobe.com

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With $76B Surplus, California Proposes Rebates For Millions

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May 11, 2021 · The projected $75.7 billion budget surplus is largely due to taxes paid by rich Californians who generally did well during the pandemic, and marks a major turnaround after …

apnews.com

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In Major Turnaround, California Will Have No Budget Deficit ... - MSN

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The budget picture Newsom describes is a major turnaround from the $47 billion deficit last year and the $32 billion shortfall the year before. ... In major turnaround, California will have no ...

msn.com

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

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kqed.org

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In Major Turnaround, California Will Have A Budget Surplus

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The budget picture Newsom describes is a major turnaround from the $47 billion deficit last year and the $32 billion shortfall the year before. In major turnaround, California will have a budget …

newsbreak.com

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Texas Enters Budget Cycle With Nearly $24B Surplus

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2 days ago · AUSTIN (Nexstar) — For the second time in a row the Texas Legislature will enter a new session with a significant surplus that will boost the amount of money they have for the …

kxan.com

FAQs about What's in Gavin Newsom's $323 billion California budget Coupon?

What's behind California's budget surplus?

The projected $75.7 billion budget surplus is largely due to taxes paid by rich Californians who generally did well during the pandemic, and marks a major turnaround after officials last year said they feared a deficit of more than $50 billion. ...

Will California have a $31 billion surplus next year?

One year ago in November 2021 the Globe reported, “California will have a $31 billion surplus next year,” according to the 2022-2023 California state budget Fiscal Outlook report compiled by the Legislative Analyst’s Office. The tide completely turned in one year. ...

Will California have a budget deficit next year?

TURLOCK — California will not have a budget deficit next year, Gov. Gavin Newsom announced on Monday based on projections from his finance team. The budget picture Newsom describes is a major turnaround from the $47 billion deficit last year and the $32 billion shortfall the year before. ...

What is California's budget deficit 2024-25?

Now, Newsom says the remaining deficit is $27.6 billion (AP Photo/Rich Pedroncelli) California Gov. Gavin Newsom unveils his revised 2024-25 state budget during a news conference in Sacramento, Calif., Friday, May 10, 2024. Newsom said the state’s budget deficit has grown by $7 billion. In January, Newsom said the deficit was nearly $38 billion. ...

What is California's budget plan for 2024-25?

Gov. Gavin Newsom announces his 2024-25 state budget proposal in January. An early outlook released Wednesday shows California’s budget deficit shrinking to $2 billion for the 2025-26 fiscal year. ...

Does California have a budget problem?

SACRAMENTO, Calif. (AP) — California has a huge budget problem that could force thorny decisions from Democratic leaders who enjoyed a more than $100 billion surplus just three years ago. This is the second year in a row the nation’s most populous state is facing a multibillion-dollar shortfall. ...