Watch: Gavin Newsom unveils California’s revised budget amid the coronavirus emergency
California Gov. Gavin Newsom unveiled the May budget revision at noon today. Watch a recording of his press conference by clicking on the video above.
Earlier this year, Newsom’s initial budget called for a $5.6 billion surplus. Now, the state is facing a potential deficit of $54.3 billion, driven by the public health emergency of the coronavirus pandemic. The Democratic governor and state Legislature will need to cope with the state’s biggest budget problem since the Great Recession.
This story was originally published May 14, 2020 at 10:33 AM with the headline "Watch: Gavin Newsom unveils California’s revised budget amid the coronavirus emergency."