California's Governor Says State's Budget Deficit Has Grown to Nearly $32 Billion

Indonesia Berita Berita

California's Governor Says State's Budget Deficit Has Grown to Nearly $32 Billion
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Newsom says the state's challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.

“His cuts to drought programs are dangerous, his “fiscal gimmicks” are shortsighted, and his words about good government and efficiency are yet another empty promise. Californians deserve better,” Republican Assembly Leader James Gallagher said in a statement.Since taking office in 2019, Newsom's biggest budget fights with the Democratic-controlled state Legislature is how to spend California's record-breaking surpluses. Agreeing on what to cut could be much more difficult.

It's not yet clear if he can or will relent on his other proposed cuts. Newsom signed off on an expansion of a subsidized child care program last year that would pay to help an extra 20,000 families. But because of the deficit, Newsom proposed delaying that funding for one year. He argued that the state was having trouble filling the child care slots it already had.

It's not just child care though. Democrats in the state Senate want to raise taxes on 2,500 of the largest companies so they can cut taxes by about 25% for most other businesses — a plan that Newsom has already said he opposes. And environmental groups want Newsom to reverse his planned $6 billion cut to some of his climate proposals.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

nbcsandiego /  🏆 524. in US

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Gov. Newsom says California budget deficit has grown to nearly $32 billionGov. Newsom says California budget deficit has grown to nearly $32 billionCalifornia Gov. Gavin Newsom said Friday the state’s budget deficit has grown to nearly $32 billion. That’s about $10 billion more than predicted in January.
Baca lebih lajut »

Gov. Newsom says state’s budget deficit has grown to nearly $32 billionGov. Newsom says state’s budget deficit has grown to nearly $32 billionNewsom said the state’s challenges are partly due to high inflation and a decision to let most people delay filing their taxes because of a series of winter storms.
Baca lebih lajut »

Gov. Newsom announces $32 billion budget deficit, $10 billion more than previously estimatedGov. Newsom announces $32 billion budget deficit, $10 billion more than previously estimatedCalifornia's budget deficit sits at $32 billion, which is roughly $10 billion more than Democratic Gov. Gavin Newsom forecast earlier this year.
Baca lebih lajut »

SoftBank posts record $32 billion loss at its Vision Fund tech investment armSoftBank posts record $32 billion loss at its Vision Fund tech investment armSoftBank's Vision Fund segment posted a 4.3 trillion Japanese yen ($32 billion) loss for its fiscal year ending Mar. 31.
Baca lebih lajut »

'Biden needs to man up': Congress gets candid about $32 trillion in debt'Biden needs to man up': Congress gets candid about $32 trillion in debtCongressional Republicans and Democrats continue to squabble over debt ceiling solution as treasury secretary warns U.S. is close to not being able to pay its bills.
Baca lebih lajut »

SoftBank shares drop after its Vision Fund tech investment unit posts a $32 billion record lossSoftBank shares drop after its Vision Fund tech investment unit posts a $32 billion record lossSoftBank's Vision Fund segment lost a record 4.3 trillion Japanese yen ($32 billion) for its fiscal year ending Mar. 31.
Baca lebih lajut »



Render Time: 2025-02-27 06:14:53