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Inflation relief ani free ga dabbul panchi ..98B$ surplus nunchi 22B$ deflicit ki techaru me mohal manda


Spartan

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a 20B$ panchakapoi unte....e paristiti vachedi kaadu ga...

ippudu malli a deflicit pudchadaniki...tax u penchi mingandi... chass...

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California faces a projected budget deficit of $22.5 billion for the coming fiscal year, Gov. Gavin Newsom announced Tuesday, just days into his second term. It’s a sharp turnaround from last year’s $98 billion surplus.

The deficit, while unsurprising, could signal the end of a decade’s worth of economic growth in the nation’s most populous state.

Newsom, a Democrat, is proposing to close the hole by delaying spending in some areas and changing how others are funded. His budget appears to avoid significant cuts to most major programs, although it does lower proposed spending on climate change initiatives by about $6 billion. The state hopes to restore that spending in 2024 or offset it with federal money.

Among his climate maneuvers: He’ll shift $4.3 billon in spending on zero-emission vehicles from the state’s taxpayer-funded general fund to a special fund paid into by polluters. He’s also delaying by a year $3.1 billion in climate and transportation funding.

The state still has about $35.6 billion in reserves.

Newsom stressed that California would continue robust spending in public and higher education, climate change, health care, and responding to drought and wildfire.

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44 minutes ago, vaakel_saab said:

state tax oka 1% penchandi

@Spartan gas ki paisal vastunnay anta ga..ochinaya

maak ekkada ostai anna...mottam makku gallaki, nallalolki udchi pettindu

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