Just ahead of a July 1 deadline, California Gov. Gavin Newsom and the state Legislature agreed to the state’s 2023–24 fiscal year budget June 27, though Republicans argued against the proposal and the manner in which it was determined.
“In the face of continued global economic uncertainty, this budget increases our fiscal discipline by growing our budget reserves to a record $38 billion, while preserving historic investments in public education, health care, climate, and public safety,” Newsom said in a June 26 press release describing the then tentative agreement.
