California faces an additional $12-billion budget deficit, Newsom says

Contributing sentiments towards policy:

51% : After predicting a lofty $100-billion surplus from federal COVID-19 stimulus funding and the resulting economic gains three years ago, Democrats have not reduced spending to match up with a return to normal after the pandemic.
49% : Though personal income tax and corporate tax receipts in the state came in $6.8 billion above projections through April, the Newsom is predicting that overall revenues will be $16 billion lower than they could have been from January 2025 through June 2026 because of the economic impact of Trump's tariffs.
48% : Trump implemented a series of tariffs on all imported goods, higher taxes on products from goods from Mexico, Canada and China, and specific levies on products and materials such as autos and aluminum, in April.
27% : The overall $39-billion shortfall marks the third year in a row that Newsom and lawmakers have been forced to reduce funding for state programs after dedicating more money than California has available to spend.
19% : California filed a lawsuit last month arguing that Trump lacks the authority to impose tariffs on his own.

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