EconomicFiscal Policy Action2026-05-14馃嚭馃嚫

California Gov. Gavin Newsom unveils final budget proposal with no deficit

source: California Gov. Gavin Newsom

On 2026-05-14, California Gov. Gavin Newsom unveiled his final state budget proposal in Sacramento. The revised $350 billion plan reportedly has no deficit, includes little new spending, and avoids major cuts. The proposal is a state fiscal policy action affecting California's budget outlook.

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