California's New Budget Covers $32 Billion Deficit Without Touching Reserves

Brasil Notícia Notícia

California's New Budget Covers $32 Billion Deficit Without Touching Reserves
Brasil Últimas Notícias,Brasil Manchetes
  • 📰 nbcbayarea
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Gov. Newsom and state legislative leaders have reached an agreement on how to spend the state’s tax dollars over the next year.

Budget talks stalled over the weekend as Newsom sought major changes to the state's building and permitting process. The governor said the changes are needed to speed up vital construction projects, including expanding the state's energy capacity and upgrading its aging water infrastructure.

Still, some San Francisco Bay-area lawmakers said the spending wasn't enough to forestall painful service cuts over the next few years. Monday, they proposed legislation that would increase tolls on seven state-owned bridges — including the San Francisco-Oakland Bay Bridge — by $1.50 over the next five years. State Sen. Scott Wiener, a Democrat from San Francisco who supports the proposal, said it would generate $180 million in revenue.

“In good years, we buckled down so that in tough years like this one, we could meet our needs,” Senate President Pro Tempore Toni Atkins said. “That pragmatic approach works for household budgeting, and it works for state budgeting.”

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

nbcbayarea /  🏆 596. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

California's new budget covers $32 billion deficit without touching reservesCalifornia's new budget covers $32 billion deficit without touching reservesCalifornia Gov. Gavin Newsom and state legislative leaders have reached an agreement on how to spend the state's tax dollars over the next year
Consulte Mais informação »

California's new budget covers $32 billion deficit without touching reservesCalifornia's new budget covers $32 billion deficit without touching reservesCalifornia Gov. Gavin Newsom and state legislative leaders have reached an agreement on how to spend the state's tax dollars over the next year.
Consulte Mais informação »

California’s new budget covers $32 billion deficit without touching reservesCalifornia’s new budget covers $32 billion deficit without touching reservesThe budget covers that deficit by cutting some spending — about $8 billion. The plan would borrow $6.1 billion and would set aside $37.8 billion in reserves, the most ever.
Consulte Mais informação »

California's new budget covers $32 billion deficit without touching reservesCalifornia's new budget covers $32 billion deficit without touching reservesGov. Gavin Newsom and the Democrats who control the state Legislature have agreed on how to spend $310.8 billion over the next year, endorsing a plan that covers a nearly $32 billion budget deficit without raiding the state's savings account.
Consulte Mais informação »

California sheriff blasted for joining Gov. Ron DeSantis’ border ‘coalition’Immigrant rights advocates are denouncing Riverside County Sheriff Chad Bianco for signing a letter promoted by Republican presidential hopeful and Florida Gov. Ron DeSantis that calls for tighter …
Consulte Mais informação »

Takeaways from the California budget deal between Newsom and Democratic lawmakersGov. Gavin Newsom and California lawmakers agreed to a $310.8 billion budget deal that will reduce investments in climate change and delay funding for kindergarten facilities to offset a nearly $32 billion shortfall.
Consulte Mais informação »



Render Time: 2025-02-26 23:04:33