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Newsom announces $45B deficit in downsized budget proposal

California Gov. Gavin Newsom (D) on Friday announced a $44.9 billion deficit in his revised 2024-25 state budget, while proposing a series of cuts to close the spending gap. The shortfall includes the $27.6 billion detailed in his proposal, plus $17.3 billion in cuts that the state Legislature aggressively introduced weeks ago. of the governor […]