Newsom’s First Budget A Balancing Act For Competing Promises

SACRAMENTO, Calif. (AP) – Gov. Gavin Newsom gets his chance this week to show how he’ll resolve a central tension in his platform: advancing expensive new programs while maintaining robust savings. Newsom has already previewed more than $2.5 billion in new spending initiatives while promising to maintain the savings that California will desperately need in the next recession. The governor’s first comprehensive budget proposal is due by Thursday under state law. His initial focus has been on early childhood education and health care. For the budget year that begins July 1, California’s nonpartisan legislative analyst has projected that lawmakers would have $15 billion to divvy up between new spending initiatives, extra debt payments or savings-account deposits. Newsom will release his own revenue estimate along with his budget proposal.

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