A big loss for local governments struggling with homelessness.
Despite a projected $22.5 billion budget deficit, Gov. Gavin Newsom says California will ‘keep its promises’ as it heads into the next fiscal year.
For starters, a surplus bigger than any of us imagined.
The blueprint totals $286.4 billion – a 9% increase over last year’s plan.
In the wake of an unprecedented $54.3 billion shortfall, Gov. Gavin Newsom has proposed slashing billions of dollars from California’s budget.
Gavin Newsom warned us that the new budget numbers would be “jaw-dropping.” And he was right.
Governor Gavin Newsom unveiled a $222.2 billion budget proposal for 2020-21 on Friday – the second annual spending plan he has presented as governor and the largest in state history.
That’s the stick. The carrot is $1 billion in “pro-housing” incentives for cities that make it easier to build.
State lawmakers approved a record $214.8 billion budget Thursday.