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Walters: State budget deal cooks the books again, masking ‘structural’ deficit


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Calif. Gov. Gavin Newsom presents his revised 2025-26 state budget during a news conference in Sacramento on May 14, 2025. (AP Photo/Rich Pedroncelli)

If approved by California lawmakers, government spending will exceed revenues by $21 billion in 2025-26 fiscal year.


Originally published at Dan Walters
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