In his revised budget proposal, Gov. Gavin Newsom lays out his plan to shrink California’s yawning deficit. Here's what's in it.
Faced with a $44.9 billion budget deficit, Gov. Gavin Newsom described a plan to shrink the size of state government and slow his progressive policy agenda by eliminating 10,00 vacant state jobs and pausing an expansion of subsidized childcare, among dozens of other cuts. Newsom's revised $288 billion budget proposal, announced Friday, projected California's deficit to be $7 billion more than the shortfall his administration projected in January.
A decision by the federal government to delay the 2022 federal income tax deadline from April to November due to winter storms complicated California's ability to project revenues last year. Newsom said his plan not only solves the budget deficit for the current and upcoming years, but also begins to make a dent in potential shortfalls through the end of his second term as governor in 2027. The administration proposed additional cuts, reductions and delays to solve an estimated $28.
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