It’s not just the federal government with major budget deficit problems. When he leaves office in 19 months, Gov. Gavin Newsom will bequeath to his successor endemic state budget deficits. The ...
A looming fiscal cliff tied to President Donald Trump's funding cuts has reignited a progressive push to raise taxes on the rich — and to cancel Gov. Kathy Hochul's planned rebate checks for ...
State legislators on Friday halted hundreds of bills with new spending attached from advancing. Why? The Legislature again underwent its relatively opaque process known as the “suspense file.” Hanging ...
HARRISBURG — Even as the Legislature prepares to vote on a $28.2 billion budget that draws heavily on one-time dollars, Senate officials say a $1 billion deficit could pile up in the next 12 ...
25don MSN
State budget forecast shows surplus now, but projects $3 billion deficit in next budget cycle
Lawmakers are required to balance their budgets and must now figure out how to tackle the deficit for the 2028-29 cycle.
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