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California Rainy-Day Reserves Used by End of 2024
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California state budget reports
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California Delays Healthcare Worker Minimum Wage Increase Amid $297.9 Billion Budget Agreement
Jun 22, 2024, 07:55 PM
Governor Gavin Newsom and Democratic lawmakers in California have reached a $297.9 billion budget agreement that includes delaying a planned minimum wage increase for healthcare workers. The agreement aims to address a $46.8 billion budget deficit by making $16 billion in cuts, declaring a statewide fiscal emergency, and utilizing the state's rainy-day reserves. The minimum wage increase for approximately 426,000 healthcare workers will be postponed to either October 15, 2024, or January 2025, depending on the state's financial situation.
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