Newsom Seeks to Close $37.9 Billion Deficit by Cutting Spending and Using Reserves
Gov. Gavin Newsom announced a $37.9 billion budget deficit in California and asked lawmakers to address it by cutting spending and using reserves.
The deficit is lower than projected, and Newsom plans to cover nearly half of it with reserves and delay spending commitments into the next fiscal year. [ more ]
Psychedelic therapy, workers' rights bills fail to advance in California's tough budget year
Lawmakers in California face tough decisions on which bills to advance due to budget deficits. Some bills are unexpectedly held back during the suspense file review process. [ more ]