CALIFORNIA BUDGET IS $12 BILLION IN THE RED AMID TRUMP TARIFFS AND RISING COSTS
Source: Eastcountymagazine
California budgetGavin NewsomCalifornia budget deficitNewsPoliticsby Alexei KoseffThis story was originally published by CalMatters. Sign up for their newsletters.Gov. Gavin Newsom addresses the media during a press conference unveiling his revised 2025-26 budget proposal at the Capitol Annex Swing Space in Sacramento on May 13, 2025. Photo by Fred Greaves for CalMattersIn summaryCalifornia is experiencing unexpectedly shaky economic conditions, as health care costs rise and Trump’s tariffs create ongoing uncertainty.May 14, 2025 Gov. Gavin Newsom announced yesterday that California is...