Gavin Newsom was projecting a record surplus, are being paused or rolled back, and state reserves are being drawn down. AdvertisementChris Hoene is the executive director of the California Budget & Policy Center. The coming budget cuts are just the beginningBy Joshua RauhFacing a massive budget deficit for the coming fiscal year, Gov. Gavin Newsom’s revised state budget for 2024-2025 addresses a $45-billion gap. The 2024-2025 California budget will require painful cuts.

Source: Los Angeles Times June 11, 2024 14:32 UTC