SACRAMENTO, Calif. (AP) — California is facing a $12 billion deficit that Gov. Gavin Newsom wants to help close by freezing enrollment in a state-funded health care program for immigrants living in California without legal status.
Newsom announced the deficit and his plans to cover it Wednesday as he outlined his nearly $322 billion state spending plan for the upcoming fiscal year.
Beyond higher-than-expected Medicaid spending, Newsom blamed broad economic uncertainty, including federal tariff policies and a volatile stock market. California relies heavily on revenue from a tax on capital gains.
Newsom, a Democrat, highlighted California’s contributions to the U.S. and world economy and said President Donald Trump’s economic policies
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