California $12 Billion Budget Deficit: What Taxpayers Should Know
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California $12 Billion Budget Deficit: What Taxpayers Should Know
1.4K views5 days ago
TikTokportunarosan
Governor Gavin Newsom announced in a presser Wednesday that California is facing a shortfall of $12 billion for the upcoming 2025-26 budget year. While outlining his nearly $332 billion state spending plan, which includes a pause to its state-funded healthcare program for low-income immigrants, Newsom said the deficit is due to economic uncertainty caused by President Donald Trump’s policies. In total, Newsom's office estimated changes made to account for the new presidential administration will
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Governor Gavin Newsom announced in a presser Wednesday that California is facing a shortfall of $12 billion for the upcoming 2025-26 budget year. While outlining his nearly $332 billion state spending plan, which includes a pause to its state-funded healthcare program for low-income immigrants, Newsom said the deficit is due to economic uncertainty caused by President Donald Trump’s policies. In total, Newsom's office estimated changes made to account for the new presidential administration will
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