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Governor Reworks Budget as Covid-19 Plays Havoc With California Economy

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Governor Reworks Budget as Covid-19 Plays Havoc With California Economy
California's Gov. Gavin Newsom speaks to the media in Sacramento, Calif., on March 3, 2020. Gabriela Bhaskar/Reuters
Reuters
Reuters
5/14/2020|Updated: 5/14/2020

SACRAMENTO, Calif.—Ambitious plans to strengthen California’s social safety net will likely be scaled back on May 14 when Governor Gavin Newsom unveils a revised state budget reflecting an anticipated $54.3 billion deficit caused by the CCP virus crisis.

Newsom started out in January with big ideas, recommending in a proposed $222 billion budget for the fiscal year beginning July 1 that the state set up its own generic drug label, expand public preschool, combat homelessness, and spend more on education from elementary school to college.

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Reuters
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