California Governor Gavin Newsom presented his final state budget revision on Thursday as if it were the opening ad of his presidential campaign. The highlight: a balanced budget by 2028, he said — which would be the first time California had avoided a deficit after four straight years in the red. Revenues came in stronger than projected in January, he said, erasing what he once said would be a $3 billion deficit, and which analysts warned could be even higher. The overall tab: $349 billion,