California Gov. Gavin Newsom's revised $288 billion budget includes $28 billion deficit reductions, focusing on cutting spending without new taxes.
The budget deficit may exceed $45 billion as the administration omitted subtracting a $17.3 billion budget fixing package from the original shortfall number.
Newsom initially stated the gap at $38 billion, but the Legislative Analyst's Office suggested it could be as high as $73 billion, while fiscal revenues declined by 4%.
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