SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom’s booming $268 billion budget proposal would pay for education, health insurance and other big-ticket services for many state residents. But nearly all of the $100 billion in extra money is a one-time surplus, meaning it won’t be available next year. In addition, Newsom and the Legislature have already approved a massive tax cut for small businesses that will further reduce revenues by more than $6 billion over the next five years. For many Democrats, the budget is a progressive dream. But Republicans say Newsom’s plan just shows California’s taxes are too high and makes grand promises to people the government won’t be able to keep.
