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California Budget Deficit
62 Percent of Californians Expect Bad Times for the State, Survey Finds
A poll shows that 80 percent of Republicans see economic troubles ahead, but only 45 percent of Democrats are worried.
February 27, 2024
BY
Travis Gillmore
California’s Budget Deficit Swells to $73 Billion, Says Legislative Analyst Report
The new estimate comes after revenue collections in December and January fell short of projections by $24 billion.
February 21, 2024
BY
Travis Gillmore
Why California’s Budget Deficit Is Snowballing: Legislative Analyst | Gabriel Petek
Siyamak sits down with Gabriel Petek, California's legislative analyst. He shares with us why California is facing such ...
February 10, 2024
BY
Siyamak Khorrami
Confusion Reigns During California Legislature’s Review of Newsom’s Budget Proposal
Lawmakers said if financial experts are having a hard time understanding the governor's proposal to close the multi-billion ...
January 24, 2024
BY
Travis Gillmore
San Francisco School District Facing $420 Million Budget Deficit
The deficit is an accumulation of the district’s overspending and reliance on one-time federal and pandemic funds, Superintendent ...
December 29, 2023
BY
Micaela Ricaforte
High Interest Rates, Weak Economy to Blame for California’s Budget Deficit: Legislative Analyst
The exodus of high-income earners also has an impact on the declining state tax revenue, Legislative Analyst Gabriel ...
December 27, 2023
BY
Travis Gillmore
California Cities, Counties Bracing for Impact of State’s Record Budget Deficit
Counties rely on state funding for about one-third of their revenue, according to research and analysis nonprofit California Budget ...
December 26, 2023
BY
Travis Gillmore
Newsom Orders Spending Freeze in Light of California’s $68 Billion Deficit
Planned buybacks of accrued vacation and leave time for state workers are also canceled, except for corrections employees.
December 14, 2023
BY
Travis Gillmore
California Facing Record $68 Billion Deficit, Potential ‘Fiscal Budget Emergency’: Legislative Analyst
Citing a 'severe revenue decline' in the state, analysts anticipate the deficit to accumulate to more than $155 ...
December 8, 2023
BY
Travis Gillmore
California’s Tax Revenues Fall Short; Multibillion-Dollar Deficit Widening: Legislative Analyst
The decrease in tax collections is second only to the nearly 29 percent drop in 2002 following the ...
December 4, 2023
BY
Travis Gillmore
California’s Budget Now Affordable, Multibillion-Dollar Deficit Resolvable: Legislative Analyst’s Office
With a previously estimated $31 billion deficit, now California's spending plan for the upcoming year is affordable, according ...
August 21, 2023
BY
Travis Gillmore
California Lawmaker to Reintroduce Bill to Pay Striking Workers Unemployment Benefits
As Southern California’s “summer of strikes” continues, thousands of entertainment and hotel workers have gone without pay for ...
August 17, 2023
BY
Jill McLaughlin
California Voters Say Economy Is Most Important Issue, 28 Percent Support Reparation Payments: Poll
California voters say the economy is the most important issue facing the state and 28 percent of them ...
June 13, 2023
BY
Jill McLaughlin
California Deficit Expands to $31.5 Billion, Newsom Proposes Broad Spending Cuts in Revised Budget
California Gov. Gavin Newsom announced proposed revisions to the state’s 2023–24 fiscal budget on May 12 during a ...
May 12, 2023
BY
Travis Gillmore
California Might Face $7 Billion Larger Budget Deficit Than First Predicted
As revenues continue to fall, California may face a $7 billion larger budget deficit than the governor forecasted ...
February 27, 2023
BY
Jill McLaughlin
California’s Newsom Unveils $297 Billion Budget With Cuts to Close $22.5 Billion Deficit
Gov. Gavin Newsom announced on Jan. 10 a $297 billion budget proposal, with substantial cuts and delayed spending ...
January 14, 2023
BY
Jill McLaughlin
TOP NEWS
Trump’s ‘Patience Running Out’ as SAVE America Act Stalls in Senate, Leavitt Says
NEW
By
Jack Phillips
White House Adviser Accuses Chinese AI of Stealing From Anthropic
NEW
By
Owen Evans
Congressman Says ‘Unbroken’ Documentary Highlights Threat of Communism
NEW
By
Eva Fu
and
Frank Fang
Secret Service Agent in Vance’s Detail Under Investigation Over Leaks, Spokesperson Says
1hr
By
Jack Phillips
EU Fines Google $1 Billion Over Search, App Store Practices
2hr
By
Evgenia Filimianova
Senate Rejects Resolution to Cease Military Action Against Iran
2hr
By
Jackson Richman
Trump’s Border Czar Confirms Highest Deportation Numbers in June, July
2hr
By
Jack Phillips
Trump’s Iran Policy Is ‘a Head for an Eye,’ Rubio Warns, Urging Tehran to Deescalate
3hr
By
Tom Ozimek
Trump Says Saudi Arabia Nuclear Deal Contingent on Normalizing Ties With Israel
3hr
By
Jackson Richman
Unemployment Claims Plunge to the Lowest Level Since 1969
3hr
By
Andrew Moran