SACRAMENTO — California would scale back public services, temporarily limit corporate tax credits, slash state workers’ pay and borrow from special funds to close a $54 billion deficit that has opened up during the coronavirus pandemic, under a revised budget plan Gov. Gavin Newsom unveiled Thursday.
Schools would be hit hard by required funding cuts and the state would forgo new health services that it hoped to provide for homeless and disabled Californians. More than $6 billion in proposed spending increases would be canceled, including an expansion of the state’s health care program for the poor to undocumented immigrants over age 65 and additional support for University of California and California State University.
Other things to check out:
A LOOK BACK: Past Oklahoma budget fights, vetoes and overrides | KOKH
MyBudget blames ransomware hack for system outage affecting thousands of customers - ABC News
The Adelaide-based company said its systems were likely compromised as it quickly moved its employees onto work-from-home arrangements amid coronavirus, and that it could not rule out the possibility that clients' data was put at risk.
* * *
In a statement today, MyBudget said there was "no credible evidence that significant data was accessed or will be misused".
The company said it was working with leading external cyber security experts and was "doing everything possible to get systems back online in a safe and secure manner".
What are the best budgeting apps right now? - Business Insider
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.
* * *
Regardless of what you're hoping to accomplish, finding the right app can make the process easier and more effective.
In our search for the best budgeting apps, we considered what might be important to different people when sticking to a budget. Budgeting can already feel difficult, so above all else, we made sure our top picks are easy to use. The easier the process, the likelier you are to keep engaging with your money.
This may worth something:
Budget 2020: "Far from business as usual" - Lexology
Areas of the Budget to watch for in relation to your business are the future of the wage subsidy, which currently expires at the end of this month. Grant Robertson has consistently said that, where possible, he prefers targeted assistance for those who need it. The Government will also be under pressure to announce additional measures to assist with business cash flow.
In light of this, we recap the key business support measures that the Government has provided to date in order to cushion the immediate blow and side effects of COVID-19:
Gartner Predicts IT Spending Will Plummet By $300 Billion In 2020 As CIOs Slash Budgets
Another week brings another clear sign that CIOs are making deep budget cuts in response to the COVID-19 pandemic. In a new report, research firm Gartner says it thinks global tech spending will drop 8% in 2020 based on what it is hearing from tech suppliers and other sources. It's forecasting that $3.46 trillion will be spent on IT products and services this year by businesses and consumers, down from $3.76 trillion in 2019.
While some companies are cutting big IT projects altogether, others are ploughing ahead but delaying some elements of their plans to save money. During an earnings call in April, Hershey CEO Michele Buck revealed the confectionery giant has paused parts of a new enterprise resource planning (ERP) system. It plans to advance with finance and data work streams but will delay supply chain and order-to-cash ones—moves that will push out full implementation of the ERP system by a year or so.
Montana Doesn't Need to Make Across-the-board Budget Cuts - Flathead Beacon
HELENA – Montana does not need to make across-the-board budget cuts in response to the economic damage of the coronavirus, Gov. Steve Bullock said Wednesday, as other states are looking at making difficult reductions in education spending, healthcare and other basic services.
"Our state finances were in a historically strong position heading into this pandemic and because of that we also believe we'll come out of this in a stronger financial position than most states," Bullock said.
Less State Money, More Covid Costs in Springs School Budget | The East Hampton Star
The Springs School Board voted Monday to put a budget of just over $30 million before taxpayers for the annual school vote, along with two ballot propositions. Polling this year will be by absentee ballot; voters will receive ballots in the mail with a postage-paid return envelope. Completed ballots must be received by the district no later than 5 p.m. on June 9.
The year-over-year spending increase in the proposed budget is $357,270, or 1.2 percent; the associated tax levy increase is 1.67 percent. For a house with a fair market value of about $1 million, the projected tax increase would be $104.88.
Happening on Twitter
Under @GavinNewsom's budget proposal, $14 billion in cuts await if California doesn't get a federal bailout. Newsom… https://t.co/PDcflG1VSF akoseff Fri May 15 00:38:21 +0000 2020
No comments:
Post a Comment