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Economy

California Gov. Gavin Newsom discusses his budget proposal, Wednesday, Jan. 10, 2024, in Sacramento, Calif. Newsom will release his updated budget proposal on Friday, May 10, 2024.
Rich Pedroncelli
/
AP
California Gov. Gavin Newsom says the state’s budget deficit is $27.6 billion. The figure Newsom announced Friday is smaller than the deficit he anticipated in January.
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