California Gov. Gavin Newsom on Wednesday will reveal his plan to cover a staggering budget deficit as the nation's most populous state weathers a revenue downturn that could have major consequences for 5.8 million public school children.
California Gov. Gavin Newsom is announcing a $291 billion state spending plan with an estimated $37.9 billion deficit. That’s a significantly lower budget hole than the Legislative Analyst’s Office predicted in December.