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California tax revenue is soaring thanks to tech stocks. But Gov. Gavin Newsom is proposing more cuts, warning that the boom won’t last and Trump cuts will hit the state hard.
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Students, employees and community members protested a proposal to slash programs at SOU during a Board of Trustees meeting on Tuesday night.
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Lawmakers are looking at freezing open positions and pulling money from certain programs as they work to avoid deep layoffs at the Oregon Department of Transportation.
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Testimony against Senate Bill 1599 has so far overwhelmed support.
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A new revenue forecast suggests lawmakers have about $100 million more than they’d been planning for.
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A proposal from one Democrat would ask voters to allow the state to keep some of the money that would otherwise flow to taxpayers.
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Republicans echoed concerns after an Oregon Journalism Project article highlighted 1935 case
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California faces a $2.9 billion budget deficit for the next fiscal year, one that’s drastically smaller than an $18 billion shortfall forecast last fall, according to Governor Gavin Newsom’s January budget proposal released on Friday.
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The development comes after a Republican-led campaign delayed key tax increases in the bill.
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As talk of a possible AI bubble grows, so does uncertainty around an important source of California tax money.
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Local agencies have shelved planned services and upgrades to buildings amid funding uncertainties.
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Republicans who have blocked new tax revenues now argue emergency funds might be needed.
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President Donald Trump and the Republican-controlled Congress have cut funding to Medicaid, which pays for many services for students with disabilities. Trump also gutted the Office of Civil Rights, which helps enforce disability law.
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California’s $17.5 billion prison system is over budget, contributing to a projected state deficit. Some groups want him to close more prisons.