California Gov. Newsom to reveal new spending plan, public school budget could take major hit
Fox News
CA Gov. Newsom will soon reveal his plan to cover a massive budget deficit. Education will likely see cuts, but a special savings account for public schools could offset some of them.
Unlike the federal government, California law says the state must pass a balanced budget — meaning it can't spend more money than it has. Newsom and lawmakers were able to avoid major spending cuts last year through a combination of making smaller cuts, borrowing and pushing some expenses to future years. But as the deficit continues to grow, Newsom and lawmakers could be forced to make tough choices to balance the budget.
Those decisions will be particularly fraught given this year's election, when many lawmakers will ask voters to keep them in Sacramento. Every decision Newsom makes, meanwhile, will be viewed through the lens of his future political ambitions. The Democratic governor's term goes through 2026, and he could run for president in 2028.
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