Recent spending proposals outlined in Gov. Gavin Newsom’s May budget revision outpace revenues, with the chance the state can afford its spending levels less than one-in-six across a five-year period, according to a report released May 23 by the state’s nonpartisan Legislative Analyst’s Office. “If the Legislature adopts the Governor’s May Revision proposals, the state…
California Can’t Afford Newsom’s Revised Spending Plan: LAO
May 26, 2023
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