Despite revenue increase, Newsom plans to pull from California's rainy day reserves
Briefly

"Despite the revenue upswing, Newsom recommends pulling $7.1 billion from the state's rainy day fund... to pay for policy priorities, showing a reliance on reserves despite economic growth."
"The early, yet incomplete look at his proposal shows that Newsom's annual spending plan has grown by $24 billion compared to the current budget enacted in July, indicating significant budgetary expansion."
Read at Los Angeles Times
[
|
]