Governor’s budget surplus aims at major state issues
Gov. Gavin Newsom released his proposed fiscal year (FY) 2022-23 budget last week. Total expenditures will be nearly $213 billion with project revenues of $195.7 billion. The estimated $23.7 billion surplus from FY 2021-22 plus new revenues is expected to result in a year-end balance of $6.2 billion.Also, the state’s “Rainy Day Fund” will be…


