California faces budget deficit of $22.5B, governor says
The deficit, while unsurprising, could signal the end of a decade’s worth of economic growth in the nation’s most populous state.
$24B projected budget deficit may test California’s resolve to grow safety net amid recession
California faces a projected deficit next year even if the U.S. avoids a recession. Despite the expected shortfall, policymakers say they’ll maintain spending on social programs, though advocates are calling for more.
Report: California likely to have $25B budget deficit
The projected deficit will force some painful spending decisions, including possibly delaying an ambitious program to clean up homeless encampments across the state.
California revenues decline amid economic worries
There’s now an 80% chance California will be about $8 billion short when its fiscal year ends next summer, according to the nonpartisan Legislative Analyst’s Office.
Some seniors and disabled people will miss out on new California state payments
Californians who don’t file taxes—because they don’t earn enough to owe any—won’t receive the new round of state payments. That includes some seniors and disabled people, as well as some of the lowest-income adults.
California first to cover health care for all immigrants
Newsom signed the $307.9 billion budget that pledges to make all low-income adults eligible for the state’s Medicaid program by 2024 regardless of their immigration status.
California lawmakers OK budget; most taxpayers to get refund
Democrats who control California’s government chose to send cash to taxpayers instead of suspending the gas tax as Republicans wanted.
California lawmakers to vote on $307.9 billion state budget
The spending plan includes expanded health care for immigrants and low-income residents, giving taxpayers an inflation refund, and helping more women access abortion care.
Newsom wary of lawmaker-approved budget
Beating a Wednesday deadline, Democratic legislators pushed through a plan to spend the record California budget surplus, but key negotiations remain with Gov. Gavin Newsom.
Newsom: California has $97.5 billion budget surplus, the biggest ever
The surplus alone is much bigger than nearly every other state’s annual budget.