Loading...
Market
California budget deficit reduction by 25% in 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
California Department of Finance reports
Story
California Legislature Approves Budget to Address $46.8B Deficit, Signed by Newsom
Jun 29, 2024, 10:34 PM
The California Legislature has approved a budget aimed at addressing a significant $46.8 billion deficit. The budget includes measures to slash spending and temporarily raise taxes on some businesses. On June 29, 2024, Governor Gavin Newsom signed the budget into law, ensuring funding for the upcoming year while tackling the substantial $46.8B financial shortfall.
View original story
Similar markets
Less than $40 billion • 33%
$40 billion to $50 billion • 33%
More than $50 billion • 33%
Surplus • 33%
Deficit less than $20 billion • 33%
Deficit more than $20 billion • 33%
Approved with Surplus • 25%
Approved with Deficit • 25%
Rejected • 25%
Other • 25%
Increase in taxes • 25%
Further spending cuts • 25%
Increased borrowing • 25%
Other measures • 25%
Deficit decreased significantly • 25%
Deficit decreased slightly • 25%
Deficit remained the same • 25%
Deficit increased • 25%
Education • 25%
Healthcare • 25%
Transportation • 25%
Public Safety • 25%