California Gov. Gavin Newsom on Saturday officially signed the 2024 budget, closing a roughly $47 billion deficit for the state.
Gov. Gavin Newsom releases his revised $288 billion budget proposal to address a $28 billion deficit on Friday, May 10, 2024.The $298 billion spending plan includes many Democratic priorities such as funding for homelessness grants, in-home supportive services for undocumented immigrants and affordable housing programs.
“This is a responsible budget that prepares for the future while investing in foundational programs that benefit millions of Californians every day,” Newsom said in a written statement on Saturday.Opinion: Want to improve California schools? Expand bilingual education Last week’s agreement between legislative leaders and Newsom follows some disagreement over spending priorities. The governor and both leaders of the Legislature — Assembly Speaker Robert Rivas, D-Hollister, and Senate President Pro Tem Mike McGuire, D-Healdsburg — had been apart on some issues. The projected deficit had made negotiations even more challenging.
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