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California s governor says state s budget deficit has grown to nearly $32 billion

California s governor says state s budget deficit has grown to nearly $32 billion
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Gov Gavin Newsom likely to announce bigger budget deficit than the $22 5B announced in January

Gov. Gavin Newsom on Friday is expected to announce an even bigger budget deficit than the $22.5 billion hole that he confronted in January, reflecting an economy burdened by a sagging stock market and disrupted by a series of powerful winter storms that delayed billions of dollars in tax payments.

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California s governor says state s budget deficit has grown to nearly $32 billion

California s governor says state s budget deficit has grown to nearly $32 billion
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United statesCentral valleyGavin newsomSilicon valley bankAssembly majority leader eloise gomez reyesFirst citizens bankAssociated pressAnalyst officeCalifornia legislatureMajority leader eloise gomez reyesLegislative analystNorth carolina based first citizens

California s governor says state s budget deficit has grown to nearly $32 billion

California s governor says state s budget deficit has grown to nearly $32 billion
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Central valleyUnited statesGavin newsomDivision of petroleum market oversightCalifornia energy commissionSilicon valley bankAssembly majority leader eloise gomez reyesRepublican assembly leader james gallagherFirst citizens bankAssembly leader james gallagherMajority leader eloise gomez reyesPetroleum marketNorth carolina based first citizens

California s governor says state budget deficit has grown to nearly $32 billion

The state's progressive tax code relies on wealthy taxpayers whose income is closely tied to the performance of the stock market.

United statesCentral valleyGavin newsomRepublican assembly leader james gallagherDivision of petroleum market oversightSilicon valley bankAssembly majority leader eloise gomez reyesFirst citizens bankCalifornia energy commissionAssembly leader james gallagherMajority leader eloise gomez reyesPetroleum marketNorth carolina based first citizens