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The Independent UK
The Independent UK
National
Sophie Austin and Janie Har

California Gov. Newsom proposes some housing and climate cuts to balance $38 billion budget deficit

Copyright 2024 The Associated Press. All rights reserved.

California Gov. Gavin Newsom released details Wednesday of a new $291 billion state spending plan for the 2024-25 budget year that accounts for an estimated $37.9 billion deficit.

Newsom, a Democrat, proposed covering the shortfall by tapping $13 billion from reserves, trimming $8.5 billion from programs, deferring some spending to the future and spreading it out over more years.

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