California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he’s proposing cutting 10,000 vacant state jobs and suspending some widely used business tax deductions.
The Democratic governor outlined the deficit Friday as part of his proposed $288 billion state budget for the fiscal year that starts July 1. It’s the largest of any state."These are programs, propositions that I’ve long advanced -- many of them," News om said. "But you’ve got to do it. We have to be responsible. We have to be accountable." News om also is proposing to cut funding for 260 different state programs.
The LAO said in January that the deficit was actually $58 billion when including some reductions in public education spending. The LAO will release its own new estimate next week, and it will likely be larger.A bigger deficit could force tougher choices. In January, Newsom floated the possibility of delaying a minimum wage increase for health care workers that Newsom signed into law to much fanfare just last year."We still have a shortfall.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
7 California Lottery players win over $27 million combinedSeven lucky players across California just won more than $27 million combined thank you to some lucky lottery scratchers.
Lire la suite »
California Gov Gavin Newsom roasted over video promoting state's ‘record’ tourism: ‘Smoke and mirrors’Governor Gavin Newsom took to social media over the weekend to announce that California’s tourism is at “an all-time high,' while on top of the Golden Gate Bridge.
Lire la suite »
What to know about Gov. Newsom’s plan to offset California’s $45-billion deficitIn his revised budget proposal, Gov. Gavin Newsom lays out his plan to shrink California’s yawning deficit. Here's what's in it.
Lire la suite »
California's budget deficit is likely growing, complicating Gov. Gavin Newsom's plansCalifornia Gov. Gavin Newsom will update his budget proposal on Friday, and the news likely won't be good.
Lire la suite »
California's budget deficit likely growing, complicating Gov. Gavin Newsom's plansCalifornia Gov. Gavin Newsom will update his budget proposal on Friday, and the news likely won't be good.
Lire la suite »
California's budget deficit is likely growing, complicating Gov. Gavin Newsom's plansGov. Gavin Newsom will update his budget proposal on Friday, and the news likely won't be good.
Lire la suite »