{"id":1930477,"date":"2023-05-13T15:41:18","date_gmt":"2023-05-13T19:41:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-budget-deficit-is-nearly-at-32-billion\/"},"modified":"2023-05-13T15:44:29","modified_gmt":"2023-05-13T19:44:29","slug":"california-budget-deficit-is-nearly-at-32-billion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-budget-deficit-is-nearly-at-32-billion\/","title":{"rendered":"California&#8217;s budget deficit is almost $32 billion."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcalifornia-budget-deficit-is-nearly-at-32-billion%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1930477&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>California Governor Gavin Newsom Announces $32 Billion Budget Deficit<\/h2>\n<p>California Governor Gavin Newsom recently announced that the state&#8217;s budget deficit has reached nearly $32 billion, which is $10 billion higher than what he had <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-budget-deficit-is-nearly-at-32-billion\/\" title=\"California's budget deficit is almost  billion.\">previously stated earlier<\/a> in 2023. Despite the staggering deficit, Newsom has proposed a new plan that he hopes will cover the shortfall without any major tax increases or spending cuts in important programs such as public education, healthcare, and homelessness.<\/p>\n<h3>The Plan<\/h3>\n<p>Newsom&#8217;s new proposed plan would cut spending by about $10.6 billion and cover the rest of the deficit through borrowing, delaying certain spending, and shifting certain expenses to different sources. However, the plan would cut around $700 million in funding for nonprofits working on affordable housing to address the state&#8217;s housing crisis, which has received criticism from advocacy groups.<\/p>\n<h3>The Future<\/h3>\n<p>The new plan would balance the budget for 2023, but it would also place the state in a deficit in the future. Under Newsom&#8217;s new plan, the deficit would be at $5 billion in 2024 and rise to $14 billion by 2027. Newsom has faced criticism for his overspending and being fiscally irresponsible without planning ahead. The state&#8217;s progressive tax code is also under fire for being dependent on the wealthy residents of the state.<\/p>\n<h3>Reaction<\/h3>\n<p>Republican Assembly member Vince Fong criticized the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/despite-insistence-by-democrat-politicians-and-medical-elites-empirical-evidence-does-not-conclusively-show-that-masks-reduce-the-spread-of-covid\/\" title=\"Despite Insistence by Democrat Politicians and Medical Elites, Empirical Evidence DOES NOT Conclusively Show that Masks Reduce the Spread of COVID\">governor<\/a> for overspending with no regard for the future, while Republican Assembly Leader James Gallagher criticized Newsom&#8217;s proposed cuts to the state&#8217;s drought programs. The new budget proposal is now awaiting approval from the Democrat-controlled state legislature.<\/p>\n<p>Despite the challenges, Newsom remains optimistic and hopes to take care of the most vulnerable and needy while maintaining prudence. Stay informed and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/xi-jinping-and-vladimir-putin-meet-in-kremlin\/\" title=\"Xi Jinping and Vladimir Putin meet in Kremlin\">receive breaking news blasts directly<\/a> to your inbox for free by subscribing <a href=\"https:\/\/www.oann.com\/alerts\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>California Gov. Gavin Newsom looks on during a news conference after he toured the newly reopened Ruby Bridges Elementary School on March 16, 2021 in Alameda, California. Gov.(Photo by Justin Sullivan\/Getty Images) OAN Roy Francis8:04 AM \u2013 Saturday, May 13, 2023 California Governor Gavin Newsom said that the budget deficit in his state has reached<\/p>\n","protected":false},"author":1757,"featured_media":1930478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[20162,4484,4463,4036,9647],"class_list":["post-1930477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-20162","tag-billion","tag-budget","tag-californias","tag-deficit"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1930477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1757"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1930477"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1930477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1930478"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1930477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1930477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1930477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}