Newsom submits revised budget to eliminate current deficit
Last week, Gov. Gavin Newsom announced his May revision for the comingfiscal year (FY) budget. For FY 2024-25, beginning July 1, Newsom’srevised total expenditures, including federal, special and bond funds,will be nearly $288 billion, of which $201 billion will be for theGeneral Fund accounts. This is about $25 billion less than available forthe current FY,…


