Los Angeles Times
4 months agoCalifornia
How Newsom plans to fix California's projected $37.9-billion budget deficit
Governor Gavin Newsom is proposing to dip into the state's rainy-day reserves and potentially delay a minimum wage increase for healthcare workers to address California's $37.9 billion deficit.
The deficit is the result of weaker than expected state revenues, delayed tax deadlines, and overspending based on inaccurate budget projections. [ more ]