COVID Update: BART Board Approves Incentivized Retirement Program To Address Budget WoesThe BART Board of Directors voted Thursday to forge ahead with an incentivized retirement program intended to help mend the agency's ailing financial outlook due to the coronavirus pandemic.
BART Budget Deficit May Reach $33 Million By Next SummerBART is on track to face a $33 million budget deficit by next summer if the agency does not see an increase in passengers or more federal relief funding in the coming months, agency officials said.
Newsom, Lawmakers Agree On How To Close $54 Billion Budget DeficitCalifornia Gov. Gavin Newsom and the Democratic state Legislature have agreed to a state spending plan that avoids billions of dollars in permanent cuts to public schools and health care programs.
Budget Battle: State Senate Plan Would Reject Most Of Newsom's CutsThe California Senate's plan to make up the state's estimated $54.3 billion budget deficit rejects Gov. Gavin Newsom's proposed cuts to public education and health care programs.
State Lawmakers Meet In Rare Session With Gov. Newsom To Address $54.3 Billion Budget DeficitThe California Assembly met in an extraordinary session Tuesday to question Gov. Gavin Newsom’s administration about its plan to fill an estimated $54.3 billion budget deficit created by the effects of the coronavirus.
California To Spend $1.8 Billion More On Coronavirus ResponseCalifornia Gov. Gavin Newsom took an extra $1.8 billion from the state's dwindling coffers to pay for more protective gear and extra hospital beds to aid the state's response to the coronavirus.
San Francisco Facing $1.7B Budget Deficit Over Next 2 1/2 YearsSan Francisco is facing a $1.7 billion deficit over the next two and a half years without even considering emergency response spending on the coronavirus, the mayor's office announced Wednesday.
Coronavirus Prompts California Cities To Project 2-Year Losses Of $6.7 BillionFrom the Bay Area to Southern California, the state's 482 cities say they will collectively lose $6.7 billion over the next two years because of the coronavirus pandemic.
Coronavirus Effect To Increase San Francisco Budget Deficit To More Than $1 BillionA new report released Tuesday by San Francisco city leaders projected the city’s budget deficit for the upcoming two-year budget could increase to more than $1 billion as a result of the novel coronavirus.
Gov. Brown Wants More For Schools In Revised Spending PlanCalifornia Gov. Jerry Brown is seeking more spending on schools and child care. He announced Thursday a revised outlook for the budget year that starts July 1.
BART Considers Changes To Solve Multi-Million Dollar Budget DeficitThe Bay Area Rapid Transit Board of Directors on Thursday weighed cost-cutting proposals to address a multi-million dollar budget shortfall.
California May Face $2 Billion Budget Deficit, Gov. Brown WarnsGov. Jerry Brown has proposed a $122.5 billion budget for California and is warning of a possible $2 billion deficit in the coming fiscal year.
Alameda Co. Cuts Court Clerk Office Hours Due To $5 Million Budget DeficitAlameda County Superior Court clerks' office hours are being reduced starting Tuesday as a result of a sizable budget deficit.
BART Projects Potential $477M Budget Deficit Over Next DecadeAs revenue growth slows, BART is facing the possibility of a $477 million budget deficit over the next 10 years, BART officials said Thursday.
California To Have $10 Billion Budget Surplus By 2017, Analyst SaysCalifornia's independent legislative analyst is offering a rosier financial forecast for the state than in the last several years.