Gov. Gavin Newsom likely to announce California budget deficit may be a lot bigger than previously thought
Fox News
California’s revenue has further declined since announcing its expected $22.5 billion budget deficit in January. The state may lose an extra $5 billion.
The deficit is small compared to the cash crunch that the state faced during the last recession. But the challenge for Newsom will be persuading lawmakers to spending cuts who are not accustomed to enacting them.
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