Surplus to deficit, Newsom struggles with budget amid tax revenue decline

Phil Matier

English - February 20, 2023 17:21 - 4 minutes - 3.86 MB - ★★★★★ - 38 ratings
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Last year, Governor Newsom projected a $100 billion surplus in the state budget, but now, due to sharp declines in tax revenue, the state is facing a $22.5 billion dollar deficit

For more. KCBS Radio news anchor Eric Thomas spoke with KCBS Insider Phil Matier.