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California’s budget is ‘roughly balanced,’ but deficits could grow under Trump

Summary by Lake County Record-Bee
With tax revenues from high-earning Californians rebounding in recent months, the Legislature’s nonpartisan fiscal adviser projects that the state budget remains “roughly balanced,” but spending growth is expected to drive increasing deficits in the years ahead. That could make it difficult for Gov. Gavin Newsom to pursue ideas that he has proposed in recent months to fight back against a second Trump administration and reboot California’s slugg…
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