Newsom blames California’s $12 billion budget shortfall on tariffs, Medi-Cal spending on immigrants

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Newsom blames California’s $12 billion budget shortfall on tariffs, Medi-Cal spending on immigrants

siliconvalley.com/2025/05/14/newsom-blames-californias-12-billion-budget-shortfall-on-tariffs-medi-cal-spending-on-immigrants

When Gov. Gavin Newsom introduced his fiscal year 2025-2026 budget in January, he said California’s finances were improving.
Now, the state is staring down a nearly $12 billion budget shortfall, largely because of market volatility driven by President Donald Trump’s oft-changing tariffs,…

This story appeared on siliconvalley.com, 2025-05-14 22:29:51.