As revenues plummet, Calif. budget cuts billions

As revenues plummet, Calif. budget cuts billions

USATODAY.com

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In a budget reflecting the financial hit the state is already seeing from the coronavirus pandemic, California Gov. Gavin Newsom on Thursday proposed cutting $6.1 billion. He plans to tap the state's $16 billion rainy day fund over three years. (May 14)
 

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