CALMATTERS: Gavin Newsom’s new budget is already leaking red ink as revenues fall behind | Columns


While Gov. Gavin Newsom gallivants around the country as a campaign surrogate for President Joe Biden – and to burnish his own national image – the state budget he proposed just six weeks ago is falling apart at the seams.

Last week, his Department of Finance indirectly acknowledged the budget’s problems, reporting that through January revenues were running $5.9 billion behind the new budget’s assumption for the current fiscal year.



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