California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit. It’s a welcome change after two years of significant budget shortfalls in the nation’s most populous state.

Gov. Gavin Newsom’s proposal included a $228.9 billion general fund that would rely on $17 billion in reserves

SF Chronicle TURLOCK — California likely will not have a budget deficit next year, but incoming President Donald Trump’s agenda portends an uncertain road ahead for California’s budget, Gov. Gavin Newsom announced on Monday.