California watchdog says Newsom budget plan sidesteps ‘alarming’ deficits ahead

A new state report warns that Gov. Gavin Newsom’s plan to close a projected $2.9 billion budget shortfall fails to confront what it calls “alarming” multibillion-dollar deficits looming in the years ahead.

“The Governor and administration officials have acknowledged the downside risk to the state’s revenue picture and the multi-year challenges facing the budget,” the state’s nonpartisan Legislative Analyst’s Office wrote in the report. “However, the Governor’s budget does not include material...