WebJun 28, 2024 · The $262.6 billion spending plan for the fiscal year that begins July 1 was fueled by a $76 billion state surplus and $27 billion in federal aid. Democrats who control the Capitol wanted to use the windfall to help the state recover from the coronavirus pandemic and its uneven toll on Californians. WebJan 10, 2024 · Newsom also proposed Monday spending $4.2 billion on the controversial high-speed rail project and $3.7 billion on regional and local transit and rail programs, like light rail, ferries and bike ...
California has a staggering $75.7B budget surplus - POLITICO
WebNov 15, 2012 · California faces a $1.9 billion budget gap for its next fiscal year, a much smaller deficit than in prior years due to the economic recovery, spending cuts and new revenue from tax hikes approved last week by voters, the state's budget watchdog said on … WebJan 11, 2024 · The budget also includes $648 million to fight wildfires. The investments would go towards supporting firefighters, purchasing more equipment and stepping up … hsbc lebanon careers
After years of budget surpluses, California headed toward …
WebNov 18, 2024 · The annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. We find the budget situation has improved considerably relative to the June budget act with an estimated $26 billion windfall in 2024-22. However, the state also … WebMay 13, 2024 · SACRAMENTO, Calif. — California is entering the next budget year with a record-smashing surplus of nearly $100 billion, Gov. Gavin Newsom said Friday. WebSACRAMENTO — Gov. Gavin Newsom on Tuesday predicted a $22 billion deficit for the upcoming fiscal year, a dramatic turnaround from last year, when the state had a $100 billion surplus. hsbc leaving usa