California Gov. Gavin Newsom promised “no new taxes” in his 2024-2025 budget as he announced the state’s shortfall is $7 billion worse than was expected in January, and proposed $15.2 billion in budget cuts against an up to $80 billion deficit. Newsom’s cuts include reducing water storage and reducing the state’s prison population by 4,600 inmates. In January, Newsom announced he was expecting a $37.9 billion budget deficit, compared to up to $73 billion by the non-partisan, state-funded Legislative Analyst’s Office. Newsom claims new data says the state’s shortfall will be $7 billion worse than expected in January, suggesting the state’s deficit could be as high as $80 billion.
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https://www.thecentersquare.com/california/article_c5aad39a-0f03-11ef-9127-df7a55621b70.html
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