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Newsom's First Budget Is $144B. And It Increases 'Rainy Day' Fund.

SACRAMENTO — California Gov. Gavin Newsom proposed a $144 billion general fund budget in his first spending plan Thursday, up 4 percent from the current year. The new governor's budget includes $13.6 billion to build the state's reserves and to pay down state debt and its growing pension liability. It's...

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