California faces an additional $12-billion budget deficit, Newsom says
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California faces an additional $12-billion budget deficit, Newsom says
"California is under assault. The United States of America, in many respects, is under assault because we have a president that's been reckless."
"This marks the third year in a row that Newsom and lawmakers have been forced to trim back their overspending."
"The shortfall comes in addition to $27.3 billion in remedies Democrats previously agreed to adopt to cover an initial deficit in the upcoming year."
"The overall $39-billion shortfall marks the third year in a row that Newsom and lawmakers have been forced to reduce funding for state programs after dedicating more money than California has available to spend."
California's expected $12-billion budget deficit for 2025-26, exacerbated by overspending and President Trump's tariff policy, adds to a troubling financial landscape. Governor Gavin Newsom revealed a revised $321.9 billion spending plan that proposes several cutbacks, including actions against the state’s free healthcare initiative for low-income undocumented immigrants. With a total shortfall reaching $39 billion, this situation marks the third consecutive year of budget reductions amid fiscal constraints and overspending by state lawmakers.
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