Newsom proposes ‘balanced’ budget, with no deficits

4 days ago 10

California Gov. Gavin Newsom (D) on Monday proposed a $322 billion budget that he said would be “balanced” and without deficits — marking a significant turnaround after two years of shortfalls. Newsom delivered a “top-line” version of the 2025-2026 budget proposal at a Monday press conference, noting that more details will be released by his administration…

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