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Monday, March 2, 2026

After 2 years of shortfalls, California governor proposes $322B budget with no deficit

TURLOCK, Calif. (AP) — California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation’s most populous state. But the budget Newsom announced Monday is mostly a placeholder as California waits to see …

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