California Budget 2025 Deficit Reduction Act. California’s Gov. Newsom says state’s budget deficit has grown to nearly 32 billion Flipboard "I look forward to working with new and returning members of the Legislature on a final 2025-26 budget that assures California a strong economic future well into the 21st century." In its November 2024 report, the California Legislative Analyst's Office (LAO) projected a "roughly balanced" budget with a $2 billion shortfall for 2025-2026. The budget assumes a revenue reduction of $15 million in 2025-26, growing to more than $200 million annually
California’s budget deficit has grown to nearly 32 billion, one of the only states to have a from www.amny.com
significantly since the 2024 Budget Act forecast and as a result, General Fund revenue is anticipated to e $16.5 billion b higher (2.7 percentage higher than assumed at the 2024 Budget Act over 2023-24 through 202526) Box 419064, Rancho Cordova, CA 95741-9064 TO: RECIPIENTS OF THE DCSS 2025-26 GOVERNOR'S BUDGET
California’s budget deficit has grown to nearly 32 billion, one of the only states to have a
Governor Newsom's 2025-26 budget proposal includes: No deficit, increased revenues: The budget proposal is fully balanced with no deficit Update (1/16/25): A set of tables detailing various solutions and proposals has been appended to the online version of this report FROM: MATHEW MACY, Budget Manager, Budget Support Section
Fiscal Deficit Budget 2024 Erica Stephie. Box 419064, Rancho Cordova, CA 95741-9064 TO: RECIPIENTS OF THE DCSS 2025-26 GOVERNOR'S BUDGET significantly since the 2024 Budget Act forecast and as a result, General Fund revenue is anticipated to e $16.5 billion b higher (2.7 percentage higher than assumed at the 2024 Budget Act over 2023-24 through 202526)
Ca Deficit 2024 Lelah Natasha. Governor Newsom's 2025-26 budget proposal includes: No deficit, increased revenues: The budget proposal is fully balanced with no deficit Source: California Department of Finance, Schedule 9 at 2025-26 Governor's Budget (January 2025) Note: Reflects federal funds the state is projected to receive in 2025-26 for TK-12 schools and related public education purposes, estimated as of the governor's proposed 2025-26 budget