California is facing a $12 billion budget deficit

fastcompany.com/91334687/california-12-billion-budget-deficit-newsom

California is staring down a $12 billion budget deficit, Gov. Gavin Newsom said Wednesday.
The Democratic governor shared the number as he laid out his nearly $322 billion state spending plan for the upcoming fiscal year.
He says the deficit is partly due to broad economic uncertainty,…

This story appeared on fastcompany.com, 2025-05-14 20:30:00.
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