Reprint: CalMatters
cover photo: Assembly Speaker Robert Rivas speaks during a floor session at the state Capitol in Sacramento on Jan. 22, 2024. Photo by Fred Greaves for CalMatters
In summary
The Legislative Analyst’s Office projects the 2024-25 shortfall at $73 billion, putting more pressure on legislators and the governor to find savings.
The biggest challenge facing lawmakers and Gov. Gavin Newsom is the state budget deficit — and it just got bigger.
Today, the Legislative Analyst’s…
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