With weaker than expected revenues, Gov. Gain Newsom wants to declare a budget emergency and ask California lawmakers to dip into the state's reserves.
With weaker than expected revenues, Gov. Gain Newsom wants to declare a budget emergency and ask California lawmakers to dip into the state's reserves.
With weaker revenues than expected, Gov. Gavin Newsom wants to declare a budget emergency and ask California lawmakers to dip into the state's reserves.
By Levi Sumagaysay California is ending the year facing a multitude of economic challenges, including a budget deficit, flat tax revenue, sluggish job growth and massive unemployment insurance debt. The state’s budget surplus turned into a $32 billion deficit in 2023 a result of its heavy reliance on personal income taxes, which are tied to the […]
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