New California budget will cover $32 billion deficit without dipping into state's reserves

California Gov. Gavin Newsom and the Democrats who control the state Legislature have agreed on how to spend $310.8 billion over the next year, endorsing a plan that covers a nearly $32 billion budget deficit without raiding the state’s savings account. The nation’s most populous state has had combined budget surpluses of well over $100 billion in […]

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