With $76B surplus, California proposes rebates for millions
3 years, 7 months ago

With $76B surplus, California proposes rebates for millions

Associated Press  

SACRAMENTO, Calif. — Aided by an astonishing nearly $76 billion budget surplus, California Gov. “Direct stimulus checks going into people’s pockets and direct relief — that’s meaningful,” Newsom said from a community organization in a disadvantaged Oakland neighborhood. Officials from the state Department of Finance said multiple rounds of federal coronavirus bills boosted the state’s budget by putting money back into the economy. The proposal also includes $5.2 billion to help with back rent and future payments and $2 billion for overdue utility bills for people who fell behind during the pandemic, though Newsom’s office provided few details. Jon Coupal, president of the fiscally conservative Howard Jarvis Taxpayers Association, said he did not think Newsom’s plan complied with the state law that limits how much the government can spend.

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History of this topic

After reducing deficit, Newsom proposals bring extra costs to California
1 week, 6 days ago

After reducing deficit, Newsom proposals bring extra costs to California

LA Times  

Gavin Newsom has proposed new spending as the state faces another budget deficit. Gabriel said the Assembly will “carefully consider and vet” the governor’s proposals, which lawmakers will get a better look at when Newsom unveils his budget plan in January. Newsom’s new spending proposals With Hollywood experiencing a massive production downturn, Newsom recently proposed a “historic expansion” of California’s …

California Gov. Gavin Newsom signs budget to close $46.8B budget deficit
5 months, 3 weeks ago

California Gov. Gavin Newsom signs budget to close $46.8B budget deficit

Associated Press  

SACRAMENTO, Calif. — Gov. Gavin Newsom on Saturday signed California’s budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and temporarily raising taxes on some businesses. Lawmakers passed the budget Wednesday following an agreement between Newsom and legislative leaders in which both sides made concessions and also had wins as they were forced, for the …

Gov. Newsom signs budget to close California’s $46.8-billion budget deficit
5 months, 3 weeks ago

Gov. Newsom signs budget to close California’s $46.8-billion budget deficit

LA Times  

California’s budget crisis comes at a bad time for Gov. Gavin Newsom on Saturday signed California’s budget to close an estimated $46.8-billion deficit through $16 billion in spending cuts and temporarily raising taxes on some businesses. Lawmakers passed the budget Wednesday following an agreement between Newsom and legislative leaders in which both sides made concessions and also had wins as …

Column: Sacramento’s tax rebate giveaway two years ago is coming home to roost
6 months, 2 weeks ago

Column: Sacramento’s tax rebate giveaway two years ago is coming home to roost

LA Times  

Gavin Newsom at a news conference in Oakland in 2021 to announced a tax rebate for Californians. So it seemed like a grand idea to throw nearly $10 billion out a Capitol window at people who really didn’t care whether they got any of it or not. Evidence of the flawed money distribution system was reported recently by The Times’ …

With deadline nearing, Newsom and lawmakers disagree over solutions to California budget crisis
6 months, 2 weeks ago

With deadline nearing, Newsom and lawmakers disagree over solutions to California budget crisis

LA Times  

Gavin Newsom in Sacramento on Jan. 10, 2024; Sen. Mike McGuire in Healdsburg on Jan. 26, 2024; and Assembly Speaker Robert Rivas in Sacramento on June 30, 2023. Gavin Newsom and Democrats in the state Legislature are working to settle their differences over access to public healthcare services, delaying minimum wage increases for workers and pausing tax credits for businesses …

California’s budget deficit has grown. Here’s how Gov. Newsom is responding
7 months, 1 week ago

California’s budget deficit has grown. Here’s how Gov. Newsom is responding

LA Times  

Gavin Newsom unveils his revised 2024-25 state budget during a news conference in Sacramento on May 10, 2024. Gavin Newsom released his revised $288-billion budget proposal last week, which included a bleak update on the state’s deficit: It has grown from earlier projections. The cuts hamper Newsom’s progressive policy agenda, The Times’ Taryn Luna, Mackenzie Mays and Anabel Sosa reported, …

California has a multibillion-dollar budget deficit. Here’s what you need to know
7 months, 1 week ago

California has a multibillion-dollar budget deficit. Here’s what you need to know

Associated Press  

SACRAMENTO, Calif. — California has a huge budget problem that could force thorny decisions from Democratic leaders who enjoyed a more than $100 billion surplus just three years ago. Gavin Newsom on Friday announced his plan to address the deficit in the state’s budget. California’s constitution requires lawmakers and the governor to balance the budget — meaning the state can’t …

Gov. Gavin Newsom proposes painful cuts to close California’s growing budget deficit
7 months, 2 weeks ago

Gov. Gavin Newsom proposes painful cuts to close California’s growing budget deficit

Associated Press  

SACRAMENTO, Calif. — California’s budget deficit is at least $45 billion, a shortfall so large it prompted Gov. Gavin Newsom on Friday to propose painful spending cuts impacting immigrants, kindergarteners and low-income parents seeking child care in a state often lauded for having the world’s fifth-largest economy. Anthony Wright, executive director of the consumer advocacy group Health Access California, said …

What to know about Gov. Newsom’s plan to offset California’s $45-billion deficit
7 months, 2 weeks ago

What to know about Gov. Newsom’s plan to offset California’s $45-billion deficit

LA Times  

Faced with a $44.9-billion budget deficit, Gov. Newsom’s revised $288-billion budget proposal, announced Friday, projected California’s deficit to be $7 billion more than the shortfall his administration expected in January. We have to be accountable.” Newsom’s plan to close the deficit relies on $17.3 billion in savings from budget cuts he and lawmakers agreed to in April and using $4.2 …

Column: California’s budget relies on the richest taxpayers, and we’re paying the price
8 months ago

Column: California’s budget relies on the richest taxpayers, and we’re paying the price

LA Times  

Gavin Newsom discusses his proposed state budget for the 2024-25 fiscal year, during a news conference in Sacramento on Jan. 10. “I hated the subject with every bone in my body,” he recalls, “but I did it to prevent what’s happening today.” This is what we’re talking about: Based on the 2021 tax year, the top 1% of California earners …

Newsom called it a ‘gimmick.’ Now he’s using the trick to lower California’s massive deficit
8 months, 1 week ago

Newsom called it a ‘gimmick.’ Now he’s using the trick to lower California’s massive deficit

LA Times  

Gavin Newsom discusses his proposed state budget for the 2024-2025 fiscal year, during a news conference in Sacramento in January. Gavin Newsom said he was doing away with a state budget “gimmick” one of his predecessors relied on to shave about $800 million off a deficit during the Great Recession. At least so far, Newsom and lawmakers are largely relying …

Newsom and Democratic lawmakers detail first California budget cuts totaling $17 billion
8 months, 2 weeks ago

Newsom and Democratic lawmakers detail first California budget cuts totaling $17 billion

LA Times  

Gavin Newsom and leaders of the state Senate and Assembly announced an agreement Thursday to cut $17 billion from the state budget in April, providing the first details of their plan to begin to tackle the state’s massive deficit. “There is still work to do as we finalize the budget and I look forward to the work ahead together to …

Newsom and Democrats announce a plan to reduce the enormous budget deficit. How? TBD
9 months ago

Newsom and Democrats announce a plan to reduce the enormous budget deficit. How? TBD

LA Times  

Gavin Newsom discusses his proposed state budget for the 2024-25 fiscal year during a news conference in Sacramento in January. Gavin Newsom and Democratic leaders of the state Senate and Assembly announced an agreement on Wednesday to take action in April to begin to dramatically reduce California’s historic shortfall. Newsom has urged the Legislature to take “early action” to begin …

Voters say California’s budget deficit is an ‘extremely serious’ problem, poll finds
11 months ago

Voters say California’s budget deficit is an ‘extremely serious’ problem, poll finds

LA Times  

Gavin Newsom discusses his proposed state budget for the 2024-2025 fiscal year in Sacramento. Half of California registered voters consider the state budget deficit an “extremely serious” problem, and 57% believe the state is headed in the wrong direction, according to a new UC Berkeley Institute of Governmental Studies poll co- The survey was conducted days before Gov. “Voters are …

California Gov. Newsom proposes some housing and climate cuts to balance $38 billion budget deficit
11 months, 1 week ago

California Gov. Newsom proposes some housing and climate cuts to balance $38 billion budget deficit

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Gavin Newsom released details Wednesday of …

California Gov. Newsom proposes some housing and climate cuts to balance $38 billion budget deficit
11 months, 1 week ago

California Gov. Newsom proposes some housing and climate cuts to balance $38 billion budget deficit

Associated Press  

SACRAMENTO, Calif. — California Gov. Gavin Newsom released details Wednesday of a new $291 billion state spending plan for the 2024-25 budget year that accounts for an estimated $37.9 billion deficit. It largely keeps intact a $1.5 billion program to help counties find housing for homeless people with serious mental illness and substance use disorders, but it delays $235 million …

Column: Newsom’s budget plan reflects his rosy view of the economy
11 months, 1 week ago

Column: Newsom’s budget plan reflects his rosy view of the economy

LA Times  

Gavin Newsom discusses his proposed state budget for the 2024-2025 fiscal year during a news conference in Sacramento on Wednesday. Gavin Newsom chose to take a relatively rosy view of the 2024 economy Wednesday in sending the Legislature a roughly $292-billion spending plan for the next fiscal year, which starts July 1. That meant Newsom and legislators didn’t know how …

California governor wants reserves and cuts to fix nearly $38B deficit, mostly sparing schools
11 months, 2 weeks ago

California governor wants reserves and cuts to fix nearly $38B deficit, mostly sparing schools

Associated Press  

SACRAMENTO, Calif. — California’s budget deficit is not as bad as previously thought, Gov. Gavin Newsom announced Wednesday, but it’s deep enough that it could delay a minimum wage increase for more than 400,000 health care workers and force spending cuts across various housing and climate programs. But he wants the Legislature to consider delaying a planned minimum wage increase …

How Newsom plans to fix California’s projected $37.9-billion budget deficit
11 months, 2 weeks ago

How Newsom plans to fix California’s projected $37.9-billion budget deficit

LA Times  

Gavin Newsom, discussing his proposed spending for the next fiscal year in Sacramento on Wednesday, wants to declare a budget emergency and get the Legislature’s permission to dip into the state’s reserves. Newsom’s new deficit estimate is more than double the shortfall he and lawmakers anticipated last June, a tacit admission of how badly the state underestimated the size and …

Budget troubles won’t change California Gov. Gavin Newsom’s goals for 2nd term, he tells AP
1 year, 5 months ago

Budget troubles won’t change California Gov. Gavin Newsom’s goals for 2nd term, he tells AP

Associated Press  

SACRAMENTO, Calif. — Throughout the various crises in California Gov. Gavin Newsom’s first term — devastating wildfires, the bankruptcy of the nation’s largest utility, the deadly COVID-19 pandemic — the state’s record-smashing budget surpluses were always there to smooth things over. Newsom told AP that California’s budget troubles won’t change his agenda or stop him from taking big policy swings, …

Governor says California’s budget deficit has grown to nearly $32 billion
1 year, 7 months ago

Governor says California’s budget deficit has grown to nearly $32 billion

Associated Press  

SACRAMENTO, Calif. — California’s budget deficit has soared to nearly $32 billion, Gov. Newsom, a Democrat in his second term, proposed no major tax increases for individuals or spending cuts across the state’s most important programs, including those impacting public education, health care and homelessness. Newsom’s plan would leave California with $37.2 billion in various savings accounts, money that he …

What you need to know about Newsom’s plan to offset California’s $31.5-billion deficit
1 year, 7 months ago

What you need to know about Newsom’s plan to offset California’s $31.5-billion deficit

LA Times  

California’s estimated $31.5-billion budget deficit is forcing Gov. The governor’s $306.5-billion budget plan, which he detailed Friday when announcing his revised spending proposal, relies on money raised from bonds, taps into $450 million from the state’s safety-net reserve and renews a tax on managed care programs to support Medi-Cal while continuing plans to curtail increases for climate and transportation programs. …

California budget: More for homelessness, less for climate
1 year, 11 months ago

California budget: More for homelessness, less for climate

Associated Press  

SACRAMENTO, Calif. — California Gov. Gavin Newsom on Tuesday proposed a $297 billion budget, prioritizing money to address homelessness and education while cutting some climate spending amid a projected $22.5 billion budget deficit. The proposed budget, which would take effect July 1, is about $9 billion less than the current fiscal year, when Newsom had a massive surplus. That would …

After years of surpluses, California headed toward a deficit
1 year, 11 months ago

After years of surpluses, California headed toward a deficit

Associated Press  

SACRAMENTO, Calif. — From a budget perspective, the first four years of California Gov. Tuesday, Newsom announced California likely won’t collect enough money in taxes to pay for all of its obligations, leaving a $22.5 billion hole in its budget. State Sen. Roger Niello, the top Republican on the state Senate’s budget-writing committee, said lawmakers need to focus on areas …

California lawmakers OK budget; most taxpayers to get refund
2 years, 5 months ago

California lawmakers OK budget; most taxpayers to get refund

Associated Press  

SACRAMENTO, Calif. — California lawmakers on Wednesday approved a nearly $308 billion spending plan that includes money to cover abortions for women who can’t afford them and the health care costs for low-income adults living in the country illegally while sending cash payments to most taxpayers to help offset record-high gas prices. Instead, California’s revenues soared on the back of …

Newsom signs state budget bills, with gas refunds to 17.5 million California taxpayers
2 years, 5 months ago

Newsom signs state budget bills, with gas refunds to 17.5 million California taxpayers

LA Times  

Gavin Newsom on Thursday signed into law key elements of a new $307.9-billion state budget, a spending plan centered on gas refunds for 17.5 million taxpayers to soften the sting of high fuel prices and the cost of living. The package includes $9.5 billion in gas refunds, $1.4 billion in utility payment assistance, expanded tax credits, $250 million for paid …

California lawmakers approve preliminary budget; still no deal on gas rebates
2 years, 6 months ago

California lawmakers approve preliminary budget; still no deal on gas rebates

LA Times  

A regular gallon of gasoline cost $6.34 at the Shell station near Bressi Ranch in Carlsbad on June 7. Gavin Newsom a preliminary state budget plan totaling more than $300 billion, a framework that includes $8 billion in tax rebates but could change once a final deal is struck with Newsom. “We look forward to working with the governor in …

Abortion, inflation and crime: How Newsom would spend record-setting California surplus
2 years, 7 months ago

Abortion, inflation and crime: How Newsom would spend record-setting California surplus

LA Times  

Gavin Newsom speaks at a news conference with workers and volunteers at a Planned Parenthood office near downtown Los Angeles. $18.1 billion to offset high inflation Newsom’s budget would set aside almost 19% of the tax surplus for immediate cash rebates and a variety of assistance programs for low-income residents. $128 billion for public schools Funding for K-12 education and …

California surplus expected to hit unprecedented $97 billion under Newsom’s budget plan
2 years, 7 months ago

California surplus expected to hit unprecedented $97 billion under Newsom’s budget plan

LA Times  

The revised budget proposed by Gov. The governor’s budget asks lawmakers to devote billions of dollars to a raft of new items: an inflation relief package for Californians, more money to address dangerous drought and wildfire conditions, subsidies for low- and middle-income healthcare plans and the highest per-pupil school funding levels in the state’s history. The new budget, a revision …

California Senate leaders say budget surplus soars to $68B
2 years, 7 months ago

California Senate leaders say budget surplus soars to $68B

Associated Press  

SACRAMENTO, Calif. — California’s budget surplus has more than doubled since January to a staggering $68 billion, Senate Democrats said Thursday, prompting a flurry of new spending proposals from lawmakers that include giving $8 billion back to taxpayers in a move that highlights a disagreement with Gov. “We stand ready to act as soon as the Governor joins us in …

What you need to know about getting Newsom’s $400 gas rebate for California drivers
2 years, 9 months ago

What you need to know about getting Newsom’s $400 gas rebate for California drivers

LA Times  

Drivers line up for discounted gas prices at Costco earlier this week. Payments would be capped at $800 for anyone with more than one vehicle registered under their name, though households with multiple vehicles registered to different family members could receive far more than that amount. Californians who don’t own a registered vehicle would not receive a refund, although $750 …

Returning money to California taxpayers may aid state budget
2 years, 9 months ago

Returning money to California taxpayers may aid state budget

Associated Press  

SACRAMENTO, Calif. — California Gov. Gavin Newsom’s proposal to send people another round of government checks, this time to help offset the record high cost of gas, will do more than just win him political points in an election year — it could help him balance the state’s budget. “There’s news that’s evolving every day on these questions, and we’re …

Facing reelection, Newsom touts the ‘California way’ and teases gas tax rebate
2 years, 9 months ago

Facing reelection, Newsom touts the ‘California way’ and teases gas tax rebate

LA Times  

Newsom said little about his vision for the final year of his first term. Though Newsom said California stands out because it doesn’t leave workers behind as its businesses grow, fewer jobs are available now for low-wage workers in retail and hospitality than before the pandemic, Nickelsburg said. Newsom raised expectations about his ability to reduce homelessness with his State …

Newsom proposes $2.7 billion to expand COVID-19 response efforts
2 years, 11 months ago

Newsom proposes $2.7 billion to expand COVID-19 response efforts

LA Times  

California’s COVID-19 response would be boosted under Gov. California would spend $2.7 billion on new efforts to respond to the surge in COVID-19 cases, including additional testing capacity and assistance to hospitals, under a budget proposal Gov. “Our proposed COVID-19 Emergency Response Package will support our testing capacity, accelerate vaccination and booster efforts, support frontline workers and health care systems …

Newsom, lawmakers reach agreement on spending tax windfall in $262.6-billion state budget
3 years, 5 months ago

Newsom, lawmakers reach agreement on spending tax windfall in $262.6-billion state budget

LA Times  

Gavin Newsom, flanked by Assembly Speaker Anthony Rendon and Senate President Pro Tem Toni Atkins in 2019, who have come to agreement on a budget plan for the fiscal year that begins July 1. Gavin Newsom and Democratic leaders of the California Legislature reached an agreement Friday on a $262.6-billion state budget, divvying up a towering windfall of tax revenue …

California governor builds big budget plan on one-time cash
3 years, 7 months ago

California governor builds big budget plan on one-time cash

Associated Press  

SACRAMENTO, Calif. — Gov. Gavin Newsom’s budget plan would have California pay to send every 4-year-old to kindergarten, give broke college students a place to live, put more homeless people in hotel rooms, provide health insurance for older adults living in the country illegally, start a new polytechnic university, wipe out delinquent traffic tickets for poor people and give cash …

Newsom proposes additional $600 stimulus checks and $5 billion toward rental assistance
3 years, 7 months ago

Newsom proposes additional $600 stimulus checks and $5 billion toward rental assistance

LA Times  

Gavin Newsom, pictured last year, proposed Monday for the state to send most Californians a second round of $600 state stimulus checks. Gavin Newsom proposed a second round of $600 state stimulus checks on Monday to hasten California’s recovery from the COVID-19 pandemic, hoping to expand the payments from low-income residents to also include middle-class families, and noting that doing …

California’s robust budget will get another $26 billion from new COVID-19 stimulus
3 years, 9 months ago

California’s robust budget will get another $26 billion from new COVID-19 stimulus

LA Times  

Gavin Newsom speaks about his 2021-22 budget proposal in January. California’s state budget, already poised to be flush with higher-than-expected tax revenues, will receive an additional cash infusion of $26 billion under the COVID-19 relief bill that President Biden signed Thursday, sparking demands for a wide array of new efforts to help those hit hardest by the pandemic. “With this …

California budget urges $90 billion for schools, reopening
3 years, 11 months ago

California budget urges $90 billion for schools, reopening

Associated Press  

SAN FRANCISCO — California Gov. Newsom’s claim of a record nearly $90 billion to schools is accurate yet overstates his generosity “to try to make it look better than it is,” said Kevin Gordon, who lobbies for most of the state’s public school districts. As an incentive for schools to reopen this spring, Newsom proposed advancing school districts $2 billion, …

Newsom’s state budget earmarks billions in COVID-19 help for workers and schools
3 years, 11 months ago

Newsom’s state budget earmarks billions in COVID-19 help for workers and schools

LA Times  

Gavin Newsom sent a budget to the California Legislature on Friday that calls for a swift and expansive boost in the state government’s response to the COVID-19 pandemic, earmarking much of an unallocated tax revenue windfall for efforts to help workers and businesses, boost public health and speed up the reopening of public school classrooms. The plan he unveiled last …

Newsom proposes $600 payments to Californians in need and extending COVID-19 eviction moratorium
3 years, 11 months ago

Newsom proposes $600 payments to Californians in need and extending COVID-19 eviction moratorium

LA Times  

Tenants and housing rights organizers rally at Stanley Mosk Courthouse in downtown L.A. to protest eviction orders in September. Newsom said the budget he will release Friday would include the rental assistance money and a $600 state stimulus check to low-income residents. “The federal dollars won’t cover what’s owed in California.” The governor’s office said the $2.6 billion in federal …

California’s tax windfall is $15.5 billion, Newsom tells tech industry group
4 years ago

California’s tax windfall is $15.5 billion, Newsom tells tech industry group

LA Times  

Gavin Newsom’s upcoming state budget will assume California’s tax windfall is $15.5 billion, he said Tuesday during an event held by a technology industry trade group. The governor revealed the estimate in an online presentation during the annual state policy conference of Technet, said a source who attended the event but was not authorized to publicly discuss Newsom’s comments. Even …

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