Newsom’s plan for California’s projected $37.9-billion deficit

Gov. Gavin Newsom asked California lawmakers on Wednesday to dip into the state’s rainy-day reserves, and signaled his desire to potentially delay a minimum wage increase for healthcare workers as part of his plan to offset an expected $37.9-billion deficit. A confluence of weaker-than-expected state revenues, delayed tax deadlines and overspending based on inaccurate budget… Continue reading Newsom’s plan for California’s projected $37.9-billion deficit