California Dems Propose $2.1 Billion Budget Cut to Address $73 Billion Deficit

California Democrats proposed a mere $2.1 billion budget cut against a $73 billion deficit for the 2024-2025 fiscal year. Combined with a $12.2 billion deployment from the state’s rainy day fund, Democrats expect to reduce the shortfall anywhere from $8.6 billion to $23.6 billion, based on their use of a $53 billion deficit figure, not the $73 billion deficit reported by the state-run, non-partisan Legislative Analyst’s Office.