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What will be the outcome of the next California budget proposal by June 30, 2024?
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Resolution / Starting Odds
Approved with Surplus • 25%
Approved with Deficit • 25%
Rejected • 25%
Other • 25%
California budget records and official announcements
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California Governor Newsom Vetoes $150,000 Home Loan Bill for Undocumented Immigrants Citing Budget Concerns
Sep 6, 2024, 06:09 PM
California Governor Gavin Newsom has vetoed AB 1840, a bill that would have allowed undocumented immigrants to apply for the state's first-time homebuyers assistance program. The proposed legislation aimed to provide up to $150,000 in state-supported home loans for eligible applicants through the "California Dream for All" program. Newsom cited budget concerns, particularly the state's $70 billion budget deficit, as a key reason for the veto. He emphasized the need for careful consideration in expanding program eligibility given the finite funding available for California Housing Finance Agency (CalHFA) programs. The veto message also highlighted that lawmakers attempted to expand eligibility to a program that currently lacks sufficient funds.
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Surplus • 33%
Deficit less than $20 billion • 33%
Deficit more than $20 billion • 33%
Passes all proposed measures • 25%
Passes some measures • 25%
Passes no measures • 25%
Session extended • 25%
Full funding approved • 25%
Partial funding approved • 25%
No funding approved • 25%
Session delayed • 25%
Less than $40 billion • 33%
$40 billion to $50 billion • 33%
More than $50 billion • 33%
Increase in taxes • 25%
Further spending cuts • 25%
Increased borrowing • 25%
Other measures • 25%
Passed and signed into law • 25%
Passed but not signed into law • 25%
Not passed • 25%
Withdrawn or stalled • 25%
Passes with majority vote • 33%
Passes with supermajority vote • 33%
Fails to pass • 33%