Gov. Newsom is expected to announce an even bigger budget deficit than the $22.5 billion hole that he confronted in January.
That angered some Democratic lawmakers, who said the reason the state was having trouble filling its child care slots is because there aren’t enough child care workers. On Monday, Democrats in the Assembly proposed $1 billion in new spending to increase the pay of child care workers.
It's not just child care though. Democrats in the state Senate want to raise taxes on 2,500 of the largest companies so they can cut taxes by about 25% for most other businesses — a plan that Newsom has already said he opposes. And environmental groups want Newsom to reverse his planned $6 billion cut to some of his climate proposals.
Then there's the weather. Since January, California has been hit by roughly a dozen atmospheric rivers — intense storms that bring heavy rain and snow. The storms caused so much damage throughout the state that officials decided to give people more time to pay their taxes — extending the deadline from April to October.
The last time this happened was at the start of the coronavirus pandemic in 2020, when taxpayers had extra time to file their taxes. Newsom and state lawmakers assumed the worst, approving a budget that slashed spending in order to cover what they thought would be a $54 billion deficit. But that deficit never happened because the pandemic’s impact on state revenues turned out to be less damaging than anticipated.
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