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March 3, 2026

Tag: deficit

Newsom outlines plan for state budget deficit

California is in a budget hole, its depth measured not in feet, but in dollars. How deep? A projected $38 billion deficit, according to Gov....

K-12 schools will see $4.8B in cuts if tax fails

SACRAMENTO, Calif. – California Gov. Jerry Brown unveiled his new budget plan, calling for a painful $4.8 billion cut in public school funds if voters reject a proposed tax hike that he hopes to put on the ballot in November.

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