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CA budget

Posted inNews

Digging out: Newsom outlines plan to cover state budget deficit

Avatar photo by Mikhail Zinshteyn, CalMatters and Sameea Kamal, CalMatters Jan 10, 2024Jan 10, 2024

Gov. Newsom says the deficit is far smaller than what the Legislature’s analysts projected, and proposes only $8.5 billion in cuts by delaying spending and taking $13 billion from the state’s main reserves.

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