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Newsom bets on budget discipline to keep California deficit-free through 2028

1 min read
Source: Politico
TL;DR

Gavin Newsom unveils a slimmer general fund budget aimed at keeping California deficit-free through 2028, pairing lower outlays with targeted tax changes to shore up long-term liabilities while balancing labor and business needs ahead of a potential 2028 presidential bid.

Topics:nationpolitics#california-budget#deficit#fiscal-policy#newsom#politics#taxes
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  1. Newsom tries to balance California’s books — and head off 2028 liabilities  Politico
  2. Governor Newsom announces revised budget that eliminates California’s deficit, maintains investments for working families, healthcare, education, and businesses  California State Portal | CA.gov
  3. Newsom celebrates as the AI boom bails out California  SFGATE
  4. Gov. Newsom’s budget proposals: A digital software tax, new state savings account and more  KCRA
  5. What Newsom’s proposed budget means for education in California  Los Angeles Times

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