Left-leaning legislators have proposed tax increases and one might think that Newsom, who is ideologically to the left of both former governors, would be willing to embrace that solution.
California Gov. Gavin Newsom speaks during an announcement on a new climate partnership between California and Norway in Larkspur, Calif., Tuesday, April 16, 2024. As the June 15 constitutional deadline for enacting a 2024-25 state budget approaches, the good news for Gov. Gavin Newsom is that all-important income tax revenues in April slightly exceeded the administration’s $16.3 billion assumption.
Newsom even indefinitely postponed his annual state of the state addressbecause of the uncertainty. Governors usually try to strike upbeat themes in such addresses and that would be particularly difficult this year. Nor will the June 15 budget be the final spending plan for the 2024-25 fiscal year, any more than the current 2023-24 budget is what Newsom and legislators enacted last June. They have already made billions of dollars in changes in response to stubbornly subpar revenues, trying to get a jump on the state’s chronic gap between income and outgo.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gov. Newsom pledges oversight for cities, counties lagging on solving homelessnessGov. Gavin Newsom on Thursday announced nearly $200 million in grant money to cities and counties to move homeless people from encampments into housing.
Read more »
Lagging revenue continues to drive California budget deficit as deadline nearsWith the deadline for the state budget approaching, the amount of tax revenues and the size of the budget deficit loom large for California.
Read more »
California governor pledges state oversight for cities, counties lagging on solving homelessnessCalifornia Gov. Gavin Newsom has announced nearly $200 million in grant money to cities and counties to move homeless people from encampments into housing.
Read more »
California governor pledges state oversight for cities, counties lagging on solving homelessnessGov. Gavin Newsom said a state unit that enforces housing development plans of cities and counties will expand to oversee local spending on homelessness.
Read more »
California governor pledges state oversight for cities, counties lagging on solving homelessnessSAN FRANCISCO (AP) — Nearly $200 million in grant money will go to California cities and counties to move homeless people from encampments into housing,
Read more »
California governor pledges state oversight for cities, counties lagging on solving homelessnessCalifornia Gov. Gavin Newsom has announced nearly $200 million in grant money to cities and counties to move homeless people from encampments into housing
Read more »