The article discusses the current financial challenges faced by California, highlighted by legislative analyst Gabe Petek's warning of increasing budget spending outpacing revenue growth. Gov. Newsom's proposed budget reveals a shortfall of about $20 billion, which he aims to cover through various financial maneuvers, including cuts to social services, prompting backlash from advocates. In contrast, legislative leaders have proposed an alternative budget that restores some funds to essential services and adds provisions for homelessness and transit aid, framing their plan as fiscally responsible amidst economic uncertainties.
Gov. Gavin Newsom's revised budget unveils a plan to bridge a $20 billion gap by utilizing emergency reserves, deferrals, and cuts to social services.
Legislative leaders responded by proposing a budget that restores funding to social services and addresses homelessness, aiming for a more comprehensive financial strategy.
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