$54.3 billion budget deficit Archives

California Facing $25 Billion Budget Shortfall Next Year

November 16, 2022 4:46 pmNovember 17, 2022 8:19 pm

A Legislative Analyst’s Office report released on Wednesday found that California revenue is $41 billion below expectations, likely resulting in a massive $25 billion shortfall in the upcoming 2023-2024 state budget. The LAO recommends lawmakers start cutting the budget when...

New California SEIU Local 1000 President Refuses To Back Gov. Newsom in Recall Election

May 26, 2021 11:06 amMarch 22, 2022 11:43 am

Richard Louis Brown, the incoming president of the Service Employees International Union (SEIU) Local 1000, the largest state worker union in California, announced that he would not be backing Governor Gavin Newsom in the upcoming recall election, breaking a long-standing...

Governor Newsom Approves, Signs $202.1 Billion Budget

June 30, 2020 7:38 pmJuly 3, 2020 9:29 am

On Monday, Governor Gavin Newsom signed the $202.1 billion state budget, confirming state spending for the 2020-2021 fiscal year. A new budget dependent on federal funding The signing of the 2020 Budget Act culminated a six month process that initially...

California State Capitol dome shines against blue sky

California Legislature Approves State Budget Plan Hours Before Deadline

June 16, 2020 3:13 amJune 16, 2020 6:25 am

On Monday, the California Legislature approved a state budget plan only hours before the June 15th deadline that would have had lawmakers forfeit their pay. A new budget plan from the Legislature The approved budget largely followed their proposal made...

Gov. Newsom Announces Reimbursement Support for Small Businesses Damaged By Protests, Riots

June 6, 2020 2:11 amJune 5, 2020 10:14 pm

On Thursday, Governor Gavin Newsom expressed how businesses damaged in the George Floyd protests and riots should be reimbursed for any accrued losses. Newsom, in Stockton Thursday, called for government assistance and philanthropic organizations to help those businesses hurt by...

California Legislature Announces 2020-2021 Budget Proposal

June 4, 2020 8:32 pmJune 5, 2020 7:50 am

On Wednesday, the California Assembly and Senate announced a budget proposal that would largely be left intact without many significant cuts, putting it directly at odds with Governor Gavin Newsom’s budget proposal. Senators and Assembly members don’t want Newsom’s budget...

Legalized Sports Betting Bill Passes Senate Committee

June 3, 2020 2:26 pm

On Tuesday, California moved closer to legalizing sports betting with the Senate Governmental Organization Committee passing a bill 9-3 along party lines to change the state constitution to allow such betting at select locations across the state. SCA 6 and...