California’s governor has submitted a balanced budget, despite the state looking at a 22-billion dollar deficit coming off a previous surplus. Gavin Newsom says no major cuts are coming, with full funding for education and combating homelessness. Newsom even took a shot at House Speaker Kevin McCarthy, with 40-billion dollars in transportation money coming from the federal government…

Newsom says funding delays and converting bonds to cash will help make up the difference.

–gf