WATCH: Gavin Newsom Addresses Massive Shortfall In California Budget

In his remarks on the budget revision yesterday, Gov. Gavin Newsom (D-CA) addressed the major shortfall. Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: Stay Connected Forbes on Facebook: Forbes Video on Twitter: Forbes Video on Instagram: More From Forbes: