Faced with a multibillion dollar budget deficit, Gov. Gavin Newsom’s May budget proposal includes hundreds of millions of dollars in additional cuts to housing and homelessness programs.
In these challenging times, the need for reliable local reporting has never been greater. Put a value on the impact of our year-round coverage. Help us continue to highlight LA stories, hold the powerful accountable, and amplify community voices. Your support keeps our reporting free for all to use. Stand with us today.If you're enjoying this article, you'll love our daily morning newsletter, How To LA.
The reinstatement of the tax credits for affordable housing are the “positive news” in a budget that, overall, is “pretty dire” when it comes to housing and homelessness, said Sharon Rapport, director of California state policy for The Corporation for Supportive Housing.With tax collections coming in weaker than expected, the gap between projected state spending and revenue yawned another $7 billion wider since January, when the. But that still leaves a $27.
For the past few years, Newsom has been sending a message that he expects better results from cities and counties. In 2022, hefound the state isn’t adequately tracking its spending on or the outcomes of its homelessness programs, lawmakers and advocates The affordable housing cuts put additional pressure on an ongoing campaign to put a multibillion dollar bond on the November ballot. Last year, Oakland Democratic Assemblymember Buffy Wicks proposed the state borrow $10 billion to replenish its soon-to-be depleted pools of affordable housing funding. If the Legislature goes along with Newsom’s plan, those programs will run dry even sooner.
At his budget presentation on Friday, Newsom was asked if he was receptive to any of the proposed statewide bonds. He didn’t answer the question.Questions Swirled About Millions Of Tax Dollars In OC. After Months Of Silence, A Key Figure Weighs In
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amid deficit, Newsom proposes California spend less to solve homelessness and create affordable housingGov. Gavin Newsom’s May budget includes hundreds of millions of dollars in cuts to California housing and homelessness programs.
Read more »
Gavin Newsom Proposes Cutting 10,000 Vacant State Jobs to Close State DeficitSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
California Gov. Newsom proposes slashing 10K vacant state jobs to help close $27.6B deficitCalifornia has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he’s proposing cutting 10,000 vacant state jobs and suspending some widely used business tax deductions.
Read more »
Newsom proposes slashing 10,000 vacant state jobs to help close California's $27.6 billion deficitCalifornia has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced - a gap so wide that he's proposing cutting 10,000 vacant state jobs.
Read more »
Newsom proposes slashing 10,000 vacant state jobs to help close California's $27.6 billion deficitCalifornia has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced - a gap so wide that he's proposing cutting 10,000 vacant state jobs.
Read more »
Newsom announces budget cuts to tackle California's $27.6 billion deficitCalifornia Gov. Gavin Newsom announced in a news conference Friday his plans to cut state funding to stop the state's growing deficit.
Read more »