MoneyBusiness

Actions

California Senate OKs plan to close $54 billion deficit

Virus Outbreak California Budget
Posted
and last updated

SACRAMENTO, Calif. (AP) — The California Senate has approved a $202.1 billion spending plan that covers the state's estimated $54.3 billion deficit brought on by the coronavirus.

The vote came hours after Gov. Gavin Newsom declared a “budget emergency" for the first time, giving the Legislature permission to take nearly $8 billion from the state's primary savings account to avoid even deeper spending cuts.

The budget protects spending on public education and health care. But it also slashes spending for the courts, public colleges and universities and state employee salaries.

The state Assembly is scheduled to vote on the budget on Friday. 

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Tuesday

03/10/2026

Mostly Sunny

75° / 49°

2%

Wednesday

03/11/2026

Sunny

76° / 51°

5%

Thursday

03/12/2026

Sunny

81° / 54°

4%

Friday

03/13/2026

Mostly Cloudy

82° / 54°

4%

Saturday

03/14/2026

Partly Cloudy

82° / 55°

4%

Sunday

03/15/2026

Mostly Sunny

85° / 57°

3%

Monday

03/16/2026

Mostly Sunny

90° / 60°

2%

Tuesday

03/17/2026

Mostly Sunny

94° / 63°

0%