California’s Budget Crisis: Newsom Proposes Cuts to Tackle $37.9-Billion Deficit
Budgetary Strain Unveiled: The $37.9-Billion Challenge
In the face of a considerable $37.9-billion budget deficit, California finds itself grappling with the aftermath of weaker-than-expected state revenues, overspending based on inaccurate budget projections, and delayed tax deadlines. Governor Newsom’s new deficit estimate, more than double the previous shortfall