SF News State of California Now Running a Record $68 Billion Deficit Those extended tax deadlines are having a big unintended consequence for the state of California’s budget, as miscalculations over how much tax revenue was coming have led to a much larger deficit than than the state thought it was running, now an all-time high of $68 billion.
SF News Newsom Proposes $2.7B Budget Expansion for COVID-19 Response — Where Would All That Money Go? Newsom on Saturday unveiled the 2022 to 2023 budget proposal, which includes $2.7B in COVID-19-related funding, a billion dollars more than last year when $1.7B was allotted for pandemic response and relief; a good amount of the proposed funds will go toward ramping up and streamlining testing.
SF News California State Budget Passed It is done. (Well, almost done.) By 7 a.m., both houses of the Legislature passed the shiny budget plan. The 33 bills include "$15 billion in spending cuts, $11.4 billion in
