Facing California’s Big Deficit, Newsom Proposes Billions in Cuts in Revised Budget

State operations will be sliced about 8 percent and 10,000 unfilled positions will be eliminated. No new taxes are proposed.

California Gov. Gavin Newsom announces billions of dollars in spending cuts during his May budget revision press conference at the Capitol in Sacramento on May 10, 2024. Travis Gillmore/The Epoch Times

California Gov. Gavin Newsom presented a revised budget for the upcoming 2024-25 fiscal year May 10 including about $32.8 billion in spending cuts spread across the next two years after state revenues failed to meet expectations.

The governor suggested the deficit is $27.6 billion, though that figure was calculated by subtracting $17.3 billion in solutions included in a “budget bill junior” signed into law in April.