Name: California Could Dip Into Reserves to Cover Deficit
Uploaded: 2024-01-11T13:43:33.000Z
Description: California Gov. Gavin Newsom unveils his plan to resolve the state’s budget deficit, previously estimated at $68 billion by legislative analysts, but Mr. Newsom said in his proposal the deficit is at $38 billion. He plans on pulling $13.1 billion from two reserve accounts.

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California Gov. Gavin Newsom unveils his plan to resolve the state’s budget deficit, previously estimated at $68 billion by legislative analysts, but Mr. Newsom said in his proposal the deficit is at $38 billion. He plans on pulling $13.1 billion from two reserve accounts.

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