Possible state deficit getting Legislature’s attention
When Gov. Gavin Newsom released his proposed $300 billion fiscal year(FY) 2024-25 budget in Jan. , he acknowledged that there would likely bea deficit. Twice since then the Legislative Analysts’ Office (LAO) has advised theLegislature of the deficit potential and the likelihood of it increasingby May. On March 14, the state’s Senate Democrats agreed with…


