Buoyed by California’s strong economy, Gov. Gavin Newsom sent state lawmakers a revised budget on Thursday that boosts his already-hefty January proposal to $213.6 billion. Ka-ching!
Public schools will reap most of the gains if the Democratic-controlled Legislature rolls with him. Newsom also upped his ante on the housing crisis with a proposed $1 billion more to combat homelessness.
Still, Californians can expect some fiscal debate: Some Democrats want to go further on Medi-Cal spending, and others are leery of Newsom’s tax ideas, such as the sales tax break he wants to give on tampons.
And Newsom acknowledged the lessons of past budget exuberance, sounding for all the world like a certain frugal predecessor. Here are five key takeaways:View Article