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Newsom’s $348.9 Billion Draft Budget Banks on AI-Linked Revenue as Analyst Flags Bigger Deficit Risk

The administration calls the January plan a placeholder pending April tax filings ahead of a May revision.

Newsom Unveils $350 Billion California Budget, Projects $2.9 Billion Gap

Audit Finds Split in State Finances, With Half Carrying Shortfalls and Half Posting Surpluses

California’s 2025–26 Budget Covers Almost $20 Billion Gap Through Accounting Maneuvers