California is nearing a budget deal, but Governor Gavin Newsom expresses dissatisfaction with the process as the state faces a significant $12 billion deficit. Factors contributing to this deficit include rising healthcare costs, state overspending, and cuts in federal support, which have been exacerbated by economic uncertainties. Lawmakers are navigating difficult decisions, and while funding for higher education is preserved, there are concerns that borrowing and using reserves for this budget could harm California's financial future, leading to tensions among leaders.
"I've been involved in many public budget processes... this time is the most frustrating that I have ever experienced," said State. Sen. Roger Niello, (R) Roseville.
"Program costs, however, have continued to outpace revenues at the same time that we face the threat of significant reductions in federal support," said Erika Li, Chief Deputy, California Department of Finance.
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