Coverage dated December 6, 2023 to December 7, 2023
California budget analysts dig into details of $68 billion deficit
Headline from Courthouse News Service
The Legislature has many options when tackling the budget shortfall, though it's advised to move quickly.
Courthouse News Service's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
SACRAMENTO, Calif. (AP) — California is facing a record $68 billion budget deficit, state officials announced Thursday, forcing hard choices for Democratic Gov. Gavin Newsom in his final term as he works to build his national profile.
Gov. Newsom is in an unwelcome political spot in his final term as he works to build his national profile. This is the biggest deficit by dollars in state history.
Thanks to rising inflation, fewer people are buying homes and fewer businesses are hiring workers—leading to lower tax collections for the nation's most populous state.
After severe storms last winter, state officials gave people more time to pay their taxes, and Gov. Gavin Newsom drew up a budget without revenue coming in.
The nation's most populous state — with an economy that is the fifth largest in the world — has been struggling with the rising prices of most goods and services.
California is facing what a nonpartisan budget group says is a "severe revenue decline," and a record $68 billion budget deficit as its citizens continue moving to GOP-run states.
California is facing a record $68 billion budget deficit, state officials announced Thursday, forcing hard choices for Democratic Gov. Gavin Newsom in his final term as he works to build his national profile.
California faces a projected $68 billion budget deficit that will require spending cuts and dips into reserve funds, forcing Gov. Gavin Newsom (D-CA) and state Democrats to make major changes next year.
