Davidson News

Davidson News

California Budget Deal Reached to Close $47 Billion Deficit

California Budget Deal Reached to Close $47 Billion Deficit

California’s Democratic leaders and Governor Gavin Newsom have agreed on a $297.9 billion budget to address a $47 billion shortfall. This deal includes funding for homelessness programs, prison budget cuts, and a delayed healthcare worker minimum wage increase. The budget, effective from July 1, 2024, includes an 8% cut in state operations and utilization of … Read more