California facing projected $18B deficit as Newsom heads into his last year as governor
Tamara Ceaikovski
SACRAMENTO, Calif. (AP) — California will face a projected $18 billion deficit next year, setting up a challenge for Gov. Gavin Newsom to safeguard some of the progressive policies that have defined his tenure as he considers a presidential run . The nonpartisan Legislative Analyst’s Office projected the shortfall in a report released Wednesday. It would mark the state’s fourth deficit in a row. State spending continues to grow much faster than revenues, and new federal policy changes to health
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