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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.

Gov. Newsom OKs budget closing $54.3 billion deficit

Jun 30, 2020, 4:19am UTC

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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.