Each year, the Governor would typically present his January Budget upon its release, which is set for this Friday. This year, he planned to include his State of the State address in a first-of-its-kind combined presentation. However, as Governor Newsom will be in D.C. for President Carter’s funeral later this week, he made an unusual move and provided a “top line” budget presentation during a leg of his unrelated, statewide ‘California Jobs First’ tour. The State of the State address will be postponed to later this year. This “top line” presentation highlighted the Governor’s balanced spending plan that seeks to improve government efficiency, increase accountability, and advance the lives of Californians.
Although the Governor will not be holding his usual detailed presentation, he was quick to note that the Department of Finance (DOF) still intends to hold a thorough briefing this Friday. Today’s presentation was light on detail.
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