California Gov. Gavin Newsom presents his final budget proposal for his last year in office and the following year, aiming for a plan that runs without a deficit, according to reports. The proposal, released Thursday, outlines a spending framework of about $350 billion. Sources describe the plan as balancing fiscal priorities while avoiding major service cuts. Both outlets characterize the proposal as relatively limited in introducing entirely new spending, even as it includes funding for major areas of state activity. Rather than closing the gap with large reductions, the proposal is framed around maintaining fiscal balance and sustaining government operations under the state’s expected revenues. The Washington Times also describes the budget as revised and deficit-free for both the final year of Newsom’s term and the next year. The Independent similarly reports that Newsom details his final budget proposal and emphasizes that it does not include a deficit.
Newsom unveils final California budget proposal with no deficit and $350B spending plan
California Gov. Gavin Newsom presents his final budget proposal for his last year in office and the following year, aiming for a plan that runs without a deficit, according to reports. The proposal, r...
- California Gov. Gavin Newsom unveils his final budget proposal on Thursday.
- The proposal is described as running without a deficit for his last year and the next year.
- Newsom outlines a total spending plan of about $350 billion.
- Reports say the plan includes limited new spending but avoids major cuts.
- The budget is characterized as a revised proposal for the upcoming period.
California Gov. Gavin Newsom on Thursday proposed a revised budget without a deficit for his last year of office and the next, laying out a $350 billion spending plan that includes little new spending but also avoids major cuts.
3 months agoCalifornia Gov. Gavin Newsom unveiled his final budget proposal Thursday
3 months ago
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