GOVERNOR NEWSOM ANNOUNCES “MAY REVISION” TO 2025-2026 STATE BUDGET –$12 BILLION DEFICIT
ONE: INTRODUCTION: Opening sentence from a Sacramento Bee article of Wednesday, May 14:, 2025: “Gov. Gavin Newsom said Wednesday morning that California is facing a shortfall of $12 billion for the upcoming budget year. Newsom’s office blamed the deficit on economic uncertainty caused by President Donald Trump’s policies and likely cuts to Medicaid. The overall budget, if passed…