GOV. GAVIN NEWSOM IS PROPOSING further budget cuts and expanding the state’s reserves despite a recent surge in tax revenue — an attempt to balance the books in anticipation of a long-term deficit in the coming years, he said.
In a presentation riddled with criticism of the Trump administration and featuring memes including an image of President Donald Trump and Treasury Secretary Scott Bessent as “Dumb and Dumber,” Newsom released his last budget plan as governor on Thursday.
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