California’s next governor to face tough choices for education as state budget tightens
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California lawmakers have voted to reduce the state's budget deficit by $17 billion, with the goal of mitigating a projected shortfall that could reach $73 billion. The move is seen as a preemptive strike by Governor Gavin Newsom to address the state's financial challenges ahead of a potential presidential campaign.
California lawmakers reduced the state's budget deficit by $17 billion. The move aims to address a projected shortfall of up to $73 billion. The state's budget deficit has been increasing due to slowed economic growth and exhausted federal aid. Lawmakers approved reductions and withdrawals from savings accounts to reduce the shortfall. The state still faces a deficit of tens of billions of dollars, with harder choices ahead.
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