State Budget Deficit Soars

California's budget deficit has jumped to $16 billion, forcing Gov. Jerry Brown to call for even deeper cuts in state spending when he releases his revised budget plan on Monday. Brown revealed the dramatically higher...

Topics:  gov jerry brown   state   budget deficit   
BING NEWS:
  • Newsom blaming ‘massive volatility’ for state’s massive budget deficit | Other views
    When Gov. Gavin Newsom proposed a 2024-25 state budget in January, he declared that the state faced a $38 billion deficit and chided journalists for citing wider projections in the gap between income and outgo from the Legislature’s budget analyst.
    05/13/2024 - 4:40 pm | View Link
  • California governor would slash 10,000 vacant state jobs to help close $27.6 billion deficit
    California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he's proposing eliminating 10,000 vacant state jobs and cutting spending across 260 state programs.
    05/9/2024 - 5:23 pm | View Link
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