Tag: California budget

A Look at Governor Newsom’s 2021-22 State Budget Proposal
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A Look at Governor Newsom’s 2021-22 State Budget Proposal

Governor Gavin Newsom on Friday submitted his 2021-22 State Budget proposal to the Legislature — a $227.2 billion spending plan with a $15 billion surplus. Last summer, state leaders feared a $54.3 billion shortfall because of a pandemic-induced recession. Estimates, however, could not foresee a surging stock market that bolstered the wealthiest residents of the…

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