STATEWIDE - After years of record California budget surpluses, Gov. Newsom outlines a plan to deal with a deficit he projects at $22.5 billion. He says he can keep his big promises despite the “modest shortfall.”
California will delay some spending commitments, reverse recent steps to shore up its fiscal health, and shift funding sources to limit the cuts it must make to close a projected $22.5 billion budget deficit, Gov. Gavin Newsom said today.
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