California Deficit Expands to $31.5 Billion, Newsom Proposes Broad Spending Cuts in Revised Budget
about 1 year in theepochtimes
California Gov. Gavin Newsom announced proposed revisions to the state’s 2023–24 fiscal budget on May 12 during a press conference at the state Capitol, with an additional $9 billion deficit added to prior estimates. Uncertainty was a key talking point during the governor’s remarks, with inflation, rising interest rates, financial market jitters, and delayed tax […]
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