budget spending

REVERSAL OF FORTUNE: GOV. NEWSOM OUTLINES PLAN TO DEAL WITH BUDGET DEFICIT

By Alexei Koseff, CalMatters

CalMatters is a public interest journalism venture committed to explaining how California’s state Capitol works and why it matters

Photo:  Gov. Gavin Newsom unveils his budget proposal for the 2023-24 fiscal year during a press briefing at the California Natural Resources Agency in Sacramento on Jan. 10, 2023. Photo by Miguel Gutierrez Jr., CalMatters

January 12, 2023 (Sacramento) - California will delay some spending commitments, reverse recent steps to shore up its fiscal health and shift funding sources to limit the cuts it must make to close a projected $22.5 billion budget deficit, Gov. Gavin Newsom said today.


Error message

Support community news in the public interest! As nonprofit news, we rely on donations from the public to fund our reporting -- not special interests. Please donate to sustain East County Magazine's local reporting and/or wildfire alerts at https://www.eastcountymedia.org/donate to help us keep people safe and informed across our region.