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Newsom Says Budget Deficit Is $38B, not $68B. His Proposal Mostly Spares Schools.

SACRAMENTO — California Gov. Gavin Newsom announced $291 billion state spending plan Wednesday with an estimated $37.9 billion deficit. That’s a significantly smaller budget hole than the Legislative Analyst’s Office predicted in December. It estimated the state would face a $68 billion deficit. That difference is likely due partly to...

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