A few things about summertime in California have become utterly predictable: cineplex superheroes, beach crowds, and a record-setting state budget. Two years ago, we told you the state’s budget hit $180 billion—and that with that money you could buy the Los Angeles Lakers 60 times over. Last summer, the state budget set...
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...