California's Budget Battles: Newsom's Final Proposal Sparks Debate
TL;DR Summary
California faces a $2.9 billion budget shortfall in 2023, the fourth consecutive year of multibillion-dollar deficits, despite increased revenues; the state plans to prioritize education investments, rebuild reserves, and address federal funding losses, while lawmakers debate spending and cuts amid ongoing fiscal challenges.
- Governor Gavin Newsom faces another multibillion-dollar budget shortfall in his last year as California governor ABC7 Los Angeles
- Governor Newsom announces proposed budget that refills the state’s “Rainy Day Fund,” protects previous accomplishments, and makes historic investments in education California State Portal | CA.gov
- AI windfall helps California narrow projected $3-billion budget deficit Los Angeles Times
- Newsom’s Final Budget Disappoints Housing, Homeless Advocates KQED
- Gov. Newsom's budget proposal leaves more questions than answers KCRA
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