After 2 years of shortfalls, California governor proposes $322B budget with no deficit
California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state. About a third of California’s budget relies on funding from the federal government,
Gov. Gavin Newsom proposes $322B budget for California with no deficit
California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state. But the budget Newsom announced Monday is mostly a placeholder as California waits to see if incoming President Donald Trump will follow through on threats to revoke billions in federal dollars,
California governor proposes $322 billion budget with no deficit
Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state. But the budget Newsom announced Monday is mostly a placeholder as California waits to see if incoming President Donald Trump will follow through on threats to revoke billions in federal dollars,
In major turnaround, California will have a budget surplus, Newsom says
SF Chronicle TURLOCK — California likely will not have a budget deficit next year, but incoming President Donald Trump’s agenda portends an uncertain road ahead for California’s budget, Gov. Gavin Newsom announced on Monday.
Newsom proposes ‘balanced’ budget with no deficits
California Gov. Gavin Newsom (D) on Monday proposed a $322 billion budget that he said would be “balanced” and without deficits — marking a significant turnaround after two years of shortfalls. Newsom delivered a “top-line” version of the 2025-2026 budget proposal at a Monday press conference,
Governor Newsom proposes $322B budget with no deficit
Unlike most states, California taxes capital gains — mostly money made from investments and stocks — the same rate as money made from wages and salaries.
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