California Gov. Newsom proposes some housing and climate cuts to balance $38 billion budget deficit
SACRAMENTO, Calif. — California Gov. Gavin Newsom released details Wednesday of a new $291 billion state spending plan for the 2024-25 budget year that accounts for an estimated $37.9 billion deficit. Newsom, a Democrat, proposed covering the shortfall by tapping $13 billion from reserves, trimming $8.5 billion from programs, deferring some spending to the future … Read more
