Newsom And Democratic Leaders Close Some Of The Budget Shortfall ...Middle East
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Sacramento, CA — Negotiations have been taking place this week at the state capitol between Governor Gavin Newsom, Senate Democratic Leader Mike McGuire, and Assembly Speaker Robert Rivas. While details have not been released, state government leaders announce that a compromise has been reached to address aspects of the current budget shortfall, with cost savings between $12-$18-billion. There has been a debate as to how large next year’s projected deficit actually is, as Newsom has stated it is only $38-billion, while the non-partisan Legislative Analyst’s Office puts it closer to $73-billion. Newsom emerged from negotiations late yesterday, stating, “Thanks to leadership in the Assembly an
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