Newsom says budget is balanced, will still tap $7 billion in reservesCalifornia's financial outlook is uncertain despite a claimed surplus, with extensive reliance on reserve funds leading to concerns about future sustainability.
How Did California Manage to Pay for Everything in 2024?California faced a $56 billion budget shortfall in 2024 due to inaccurate revenue projections from incomplete data in 2023.
Newsom says budget is balanced, will still tap $7 billion in reservesCalifornia's financial outlook is uncertain despite a claimed surplus, with extensive reliance on reserve funds leading to concerns about future sustainability.
How Did California Manage to Pay for Everything in 2024?California faced a $56 billion budget shortfall in 2024 due to inaccurate revenue projections from incomplete data in 2023.
California Democrats, Gavin Newsom reach budget deal to close major deficit. Here's their planThe budget deal in California aims to close a $45 billion shortfall by funding homelessness programs, reducing the prison budget, and delaying health care worker wage increases.