Winners and losers in Newsom’s California budget deficit plan ...Middle East

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What are the big takeaways from the updated 2023-24 budget proposal, the so-called May revise? The impact of climate change. Fiscal restraint with a looming recession. And almost certainly, no tax increases to cover the growing budget deficit. The spending plan Gov. Gavin Newsom unveiled Friday anticipates a $31.5 billion deficit.

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