Newsom Signs CA Budget Closing Estimated $54.3 Billion Deficit With Taxes, Spending CutsGov. Gavin Newsom signed a budget on Monday that closes an estimated $54.3 billion deficit by temporarily raising taxes on businesses, delaying payments to schools and cutting billions in spending on state services and worker salaries.
Coronavirus Update: Newsom Projects $18 Billion Revenue Shortfall For K-12, Community CollegesInstead of $3 billion more in funding next year, officials from Gov. Gavin Newsom's administration are now projecting possibly $18 billion less over two years for K-12 and community colleges.
San Jose Facing A $45 Million Budget Shortfall Due To COVID-19 PandemicThe city of San Jose is facing a $45 million budget deficit, much of it rapidly brought on by the effects of the coronavirus pandemic.
Midnight Shutdown Creeps Closer As Congress Debates BudgetWith a midnight government shutdown creeping closer, both Republicans and Democrats grappled with internal party divisions in advance of hoped-for showdown votes Thursday night on a massive budget deal.
BART Board Declines To Study 25-Cent Minimum Fare IncreaseThe BART Board of Directors decided this morning not to study increasing the minimum fare by 25 cents in an effort to balance the 2018 fiscal year budget and offset a projected 10-year budget deficit.
Chancellor Says UC Berkeley Faces Tough Decisions Amid $150M DeficitThe University of California, Berkeley, is running a $150 million deficit this year and must undertake a top-to-bottom review of expenses if it hopes to sustain its national standing as a premier public institution, the school's chancellor warned.
Funds Diverted From Other Caltrans Projects To Make Up For New Bay Bridge Span DeficitThe new Bay Bridge eastern span will likely end up at least $35 million in the red, and officials are shifting money from other completed Caltrans bridge projects to make up the difference.
Pedestrian-Cyclist Toll Coming To The Golden Gate Bridge? District Facing $33 Million DeficitThe Golden Gate Bridge District is revisiting a proposal to charge a sidewalk toll for people who walk or bike across the iconic span.
A's Overcome 4-Run Deficit Against Yankees For 5th-Straight Victory Yoenis Cespedes homered twice, Josh Donaldson hit a tiebreaking shot in the seventh inning and the Oakland Athletics overcame a four-run deficit to beat the skidding New York Yankees 7-4 Wednesday night for their fifth straight victory.
Oakland Mayor Jean Quan Seeks Another Police Academy In New Budget ProposalOakland Mayor Jean Quan on Friday proposed a revised budget for the fiscal year beginning July 1 that calls for spending more money on public safety, including adding an additional police academy that could begin as early as October.
Task Force: Accounting Tricks Mean Impending California Budget DoomCalifornia and other states need to start being honest about their budgets and future liabilities, or face a terrible reckoning a generation from now, that according to the State Budget Crisis Task Force.
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.
About The Bay: How State Budget Cuts Affect Sick Workers Cuts in the state budget have hit a lot of people hard, but they hit especially hard when you’re already hurting. If you’re sick and off work in the State of California some federal under-funding issues could have a major impact on you.
Golden Gate Bridge District May Raise Tolls AgainThe Golden Gate Bridge District is grappling with a ballooning deficit. Because of a series of major capital projects, it is facing a shortfall of $140 million over the next five years.
San Jose Approves Money To Add Police Officers, Restore ServicesThe San Jose City Council Tuesday approved a funding strategy that backers claim would add 141 new police officer positions and restore other city services but would require tens of millions in revenue the city does not yet have.