California governor proposes $322B budget with no deficit
- California Governor Gavin Newsom proposed a $322 billion budget without a deficit, marking a positive shift after two years of budget shortfalls.
- Approximately one-third of California’s budget depends on federal funding, including significant amounts for health care services.
- Tax revenues are projected to be $16.5 billion above expectations due to a booming stock market and income growth.
- Newsom acknowledged that growing the state's rainy day fund would be a 'Herculean effort,' as warned by the Legislative Analyst's Office about future shortfalls.
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Total News Sources0
Leaning Left10Leaning Right1Center14Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
L 40%
C 56%
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