Davidson News

Davidson News

California Mulls Millions in Reparations Costs After Newsom Declares Budget Emergency

California Mulls Millions in Reparations Costs After Newsom Declares Budget Emergency

California is considering spending $12 million on reparations-related legislation following Governor Gavin Newsom’s declaration of a budget emergency. This emergency declaration allows the state to tap into its rainy day funds to address the budget deficit. At the low end, reparations bills with defined costs total approximately $4.3 million annually. However, the potential financial impact … Read more

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

California Governor Accelerates Funding for Mental Health Treatment Centers

California Governor Accelerates Funding for Mental Health Treatment Centers

California Governor Gavin Newsom announced the expedited release of over $3 billion from a voter-approved bond measure to build and refurbish mental health treatment centers. This move is part of Newsom’s strategy to address homelessness and mental health issues in the state. The funds, available in July, are expected to significantly impact California’s efforts to … Read more