Newsom Signs California Budget Aimed at Addressing $12 Billion Deficit

by
Newsom Signs California Budget Aimed at Addressing $12 Billion Deficit

California Governor Gavin Newsom speaks in Los Angeles on Sep. 25, 2024. John Fredricks/The Epoch Times

California Gov. Gavin Newsom on Friday signed the state budget that is projected to close a $12 billion deficit through spending reductions on some of the state’s ongoing programs.

The signing came shortly after lawmakers approved the $321 billion spending plan earlier in the day. The plan includes $5 billion in cuts and $7.1 billion in withdrawals from the state’s rainy-day reserve fund.

Original News Source Link – Epoch Times

Running For Office? Conservative Campaign Consulting – Election Day Strategies!