Gov. Gavin Newsom addresses the media during a press conference unveiling his revised 2024-25 budget proposal at the Capitol Annex Swing Space in Sacramento on May 10, 2024. Photo by Fred Greaves for CalMattersa commentary forum aiming to broaden our understanding of the state and spotlight Californians directly impacted by policy or its absence.
Building the California Dream Alliance, a consortium of nearly 60 groups, was among those disappointed with Newsom’s budget, issuing a compendium of comments from its members, including the While Newsom’s first budget proposal, issued in January, minimized spending reductions and relied mostly on emergency reserves, deferrals and accounting gimmicks to close what he said was a $38 billion deficit, this month’s revision raised the deficit to $44.9 billion in 2024-25 and projected another $28.4 billion gap in 2025-26.
Newsom is in his final term as governor and thus is insulated from negative reaction to his spending cuts or opposition to taxes in California. He is, however, trying to expand his national political profile and drifting rightward might help him in that endeavor.
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