Gavin Newsom January 10, 2024 5:50 pm

California governor wants reserves and cuts to fix nearly $38B deficit, mostly sparing schools

California’s budget deficit is not as bad as previously thought, Gov. Gavin Newsom announced Wednesday, but it’s deep enough that it could delay a minimum wage increase for more than 400,000 health care workers and force spending cuts across various housing and climate programs. Scott Budman reports.

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