They praised themselves for dealing with the $44.9 billion gap between income and outgo without making major reductions in the state’s array of social welfare, health care and education services.
Setting aside the self-serving verbiage, there are two salient features of the $297.9 billion budget that Californians should keep in mind — the first being that the budget crisis was The second thing that Californians should know about the budget deal: Despite the claims from politicians that it contains, in Newsom’s words, “balanced solutions,” in fact it is imbalanced by many billions of dollars. It contains an estimated $211 billion in general fund spending, but the state expects to raise only about $192 billion in general revenue during the 2024-25 fiscal year.