Gov. Newsom Offers $144 Billion Budget, Ups Savings
SACRAMENTO -- Gov. Gavin Newsom proposed a $144 billion general fund budget in his first spending plan Thursday, up 4 percent from the current year. The new governor's budget includes $13.6 billion to build the state's reserves and to pay down state debt and its growing pension liability. It's in keeping with his promise to follow in the fiscally frugal path of his predecessor, termed-out Gov. Jerry Brown.