Governor Gavin Newsom signed a budget that reduces funding for progressive initiatives, including healthcare expansion for low-income immigrants without legal status, in order to close a significant $12 billion deficit. This is the third consecutive year California has had to make such cuts. While the budget includes a $321 billion spending plan, it will only be valid if lawmakers pass housing legislation soon. Newsom emphasized that the budget is balanced and focused on Californians, despite potential future deficits and reliance on state savings and borrowing.
"We've had to make some tough decisions," Senate President Pro Tempore Mike McGuire said Friday. "I know we're not going to please everyone, but we're doing this without any new taxes on everyday Californians."
"It's balanced, it maintains substantial reserves, and it's focused on supporting Californians," Newsom said in a statement about the budget.
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