California Budget Cuts 2024 Budget Cuts. Gavin newsom has proposed a series of painful budget cuts to close the state's growing deficit. The governor deems these cuts necessary to plug the state’s $38 billion budget hole (or $58 billion if you go by the legislative analyst’s office numbers), and.

The goal of this report is to give the legislature our independent estimates and analysis of the state’s budget condition as lawmakers begin planning the 2024‑25. The california legislature on thursday, june 13, rejected many of gov.