"Newsom's Revised Budget Plan Faces $32 Billion Deficit Challenge"

Governor Gavin Newsom has released a balanced budget plan that closes a $32 billion shortfall while protecting key investments in education, health care, public safety, housing and homelessness, and climate action, despite global economic uncertainty. The budget includes $37.2 billion in total reserves amid increased economic risks. The plan reflects $15.3 billion to address homelessness, $1.6 billion for all students to access two free school meals per day, and $48 billion multi-year commitment to implement its world-leading agenda to achieve carbon neutrality by 2045.