Gov. Newsom OKs budget closing $54.3 billion deficit

Gov. Newsom OKs budget closing $54.3 billion deficit

4 years ago
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https://www.mercurynews.com/2020/06/29/california-governor-oks-budget-closing-54-3-billion-deficit/

By Adam Bean | The Associated Press

SACRAMENTO — California Gov. Gavin Newsom signed a budget on Monday that closes an estimated $54.3 billion deficit by temporarily raising taxes on businesses, delaying payments to public schools and cutting billions of dollars in spending on state services and worker salaries.