Skip to Content
Coronavirus

As revenues plummet, California budget cuts billions

200205114951-01-gavin-newsom-file-live-video

Watch Newsom's news conference here.

SACRAMENTO, Calif. (AP) California Gov. Gavin Newsom is proposing to cut $6.1 billion from a variety of programs as part of next year's budget.

He says the budget prioritizes public education, public health and public safety.

Newsom's Thursday forecast estimates unemployment will climb to nearly 25 percent and tax revenues will drop by about a quarter.

Newsom plans to tap the state’s $16 billion rainy day fund over three years. After a record budget surplus that allow programs to grow, Newsom says it breaks his heart to have to make cuts. 

California News / Money / News / Top Stories

The Associated Press

Comments

Leave a Reply