SACRAMENTO, Calif. (AP) — California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday.
The Democratic governor outlined the deficit Friday as part of his proposed $288 billion state budget for the fiscal year that starts July 1. Cutting 10,000 vacant state jobs and suspending some business tax deductions are some of the ways he’s looking to use to close the gap in the largest budget of any state.
“These are programs, propositions that I’ve long advanced — many of them,” Newsom said.