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EXPLAINED: California gov newsom proposes 2b budget without deficit | Vintage Vibes

California Gov. Gavin Newsom gives a "thumbs up" talks while attending the Assembly's Organizational Session in Sacramento, Calif., Dec. 2, 2024. (AP Photo/Rich Pedroncelli, file)

California Governor Gavin Newsom has unveiled a $322 billion budget proposal for the state, marking a significant shift from the past two years of budget deficits. The budget, announced on Monday, is seen as a positive development for the nation's most populous state.

However, the budget is considered a temporary measure as California braces for potential federal funding cuts under the incoming administration of President Donald Trump. Approximately one-third of California's budget relies on federal funding, including crucial health care services.

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