NYC faces $12B budget deficit, drawing comparison to 2008 financial crisis – as Zohran Mamdani uses dire forecast to push taxing the rich

The Big Apple was in the red — even before the socialist takeover. New York City is facing a mammoth $12 billion budget ...
The Gazette

Iowa Gov. Reynolds proposes $9.7B budget, again drawing from state reserve funds

Iowa is currently operating in a budget deficit, created in large part by a series of reductions in state income tax levels.

Newsom’s final year in office begins with an $18 billion deficit. How will he address it?

As Gov. Gavin Newsom prepares to release his spending plan this Friday, a projected $18 billion deficit awaits. Will he raise taxes or cut spending? Either could spell trouble for Newsom’s legacy.

Federal Budget: Government Deficit Exceeds $1.6T In 2025

Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is ...
Governing

Idaho’s Projected Budget Deficit Keeps Growing

Idaho’s projected state budget deficit for the current fiscal year 2026 has increased to $58.3 million, according to the state’s latest revenue forecasts and budget documents released this week. The ...

California faces $3 billion deficit in Gov. Gavin Newsom's final state budget plan

The Newsom administration still projects the budget deficit will grow significantly in the next budget year to $22 billion.
Hosted on MSN

State budget forecast projects $2.5 billion short-term surplus, looming deficit

Minnesota lawmakers will return to the Capitol in February with a near-term surplus of nearly $2.5 billion, but the latest economic forecast released Thursday sparked more debate about who’s to blame ...
kcra.com

Proposed California budget plan includes $30 billion more in spending with $2.9 billion deficit

ALERTS SENT STRAIGHT TO YOUR PHONE. WELL, TODAY WE’RE GETTING A LOOK AT THE GOVERNOR’S OFFICE PROJECTIONS FOR THE BUDGET FOR CALIFORNIA. AND THERE IS A MAJOR DIFFERENCE IN THE BUDGET DEFICIT. TODAY, ...
Times of San Diego

Opinion: Chronic deficits loom as Newsom prepares his last state budget

This column was originally published by CalMatters. Sign up for their newsletters. It seems like just yesterday that Gov. Gavin Newsom and state legislators enacted a state budget that papered over a ...