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The state’s multibillion-dollar shortfall shapes which spending bills survived the ‘suspense file’ hearings by the Assembly and Senate appropriations committees.
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The budget includes a reduction of over 32 full-time employees, mostly through attrition and reassignment.
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Budget proposal calls for more spending on housing, health care and public defense while keeping state positions vacant.
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In his initial climate budget proposal, the governor has cut about $561 million from local coastal resilience projects. Legislators, cities express concerns.
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Oregon Gov. Tina Kotek has rolled out her first budget plan. She's focused, not surprisingly, on big investments in housing, education and behavioral health.
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Hitting the national debt limit could force the federal government to stop or limit payments to federally supported programs or even direct payments to citizens.
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In its first formal response to Gov. Gavin Newsom’s $297 billion spending plan, the Legislature offered some pointed feedback on Wednesday: The governor’s fiscal forecasters are being too optimistic and the state needs to prepare for a worsening budgetary outlook.
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California’s projected $22.5 billion deficit means budget cuts are almost inevitable — much to the chagrin of climate activists, public health advocates and others who have criticized Gov. Gavin Newsom’s proposal since its unveiling this week.
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After years of record California budget surpluses, Gov. Newsom outlines a plan to deal with a deficit he projects at $22.5 billion. He says he can keep his big promises despite the “modest shortfall.”
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Advocates warn now is not the time to cut programs that help the poor. The state has reserves to weather a tough year but a recession, which many economists say is likely, could deepen the deficit.
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A journey of a thousand miles begins with a single step — like the one Assembly Democrats took Wednesday, when they unveiled their budget priorities for the upcoming fiscal year.
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As wildfires grow, so do the costs for fighting those fires. But many states are failing to adequately budget for wildfire costs, according to a new report from The Pew Charitable Trusts.
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California’s state budget might be facing a deficit of $25 billion next year in what could be the state’s weakest performance since the Great Recession, according to a report by the nonpartisan Legislative Analyst’s Office released on Wednesday.
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A trend has emerged from a growing number of bills Governor Gavin Newsom is choosing to veto this September – and it’s based on a money problem.