In major turnaround, California will have a surplus, Newsom says

Jan 6, 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., on Jan. 6, 2025.

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

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sfchronicle.com

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

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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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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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California Governor Proposes $322B Budget With No Deficit

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Jan 6, 2025 · California Gov. Gavin Newsom proposed a $322 billion budget without a deficit, a positive change after two years of budget shortfalls. ... California will have a budget surplus, …

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Newsom Says Budget Is Balanced, Will Still Tap $7 Billion In Reserves

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5 days ago · With the modest surplus, Newsom is asking state lawmakers to approve $420 million in tax breaks for California’s powerful film industry and put nearly $2 billion more into wildfire …

ocregister.com

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

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California Lawmakers Kick Off Special Session To Combat Trump

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Dec 2, 2024 · 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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Newsom Budget Plan Fully Funds Pre-K, Maintains Money To Clear …

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It’s a major turnaround from the previous two years, when Newsom had to negotiate with the Legislature over how to close budget shortfalls of $47 billion in 2024 and $22.5 billion in 2023 ...

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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 …

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Why Would Democrats Anoint Gavin Newsom To Lead The Party?

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Nov 10, 2024 · 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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Newsom Says Budget Is Balanced, Will Still Tap $7 Billion In Reserves

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3 days ago · Republicans blasted Newsom on Friday for planning some new spending while dipping further into reserves. The video player is currently playing an ad. “Only Gavin Newsom …

capoliticalnewsandviews.com

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Newsom Claims California Budget Surplus; Warns Of Trump, DOGE …

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Jan 7, 2025 · The budget outlook Newsom describes is a major turnaround from the $47 billion deficit last year and the $32 billion shortfall the year before. Newsom and the nonpartisan …

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Alert: Facebook Follows X And Dumps Fact Checkers For Community …

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Jan 7, 2025 · 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 …

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FAQs about In major turnaround, California will have a surplus, Newsom says Coupon?

Will California have a $322 billion budget without a deficit?

(AP Photo/Rich Pedroncelli, file) 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 shortfalls in the nation’s most populous state. ...

Will Gavin Newsom have a $97.5 billion surplus in 2022-23?

Learn more here. 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 equity and educational programs. ...

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. ...

How much money did Newsom expect from a tax surplus?

The core of the eye-popping surplus was a projected $54.8 billion increase in revenues, mostly personal income taxes, over what Newsom had estimated just five months earlier. ...

Did Newsom fill a $47 billion deficit?

Joe Stephenshaw, director of the state Department of Finance, sought to paint a rosy picture of the budget a year after lawmakers and Newsom filled a $47 billion deficit. Stephenshaw said the state had reversed a projected $2 billion deficit for the upcoming fiscal year with a “modest surplus” of $363 million. ...

Why did Newsom make $16.5 billion a year?

He attributed a projected $16.5 billion boost in revenue to an improved stock market performance and savings. It’s a major turnaround from the previous two years, when Newsom had to negotiate with the Legislature over how to close budget shortfalls of $47 billion in 2024 and $22.5 billion in 2023. ...