On Friday, California Gov. Gavin Newsom (D) revealed a revised $306.5 billion budget proposal and announced that the state’s budget deficit had grown to $31.5 billion.

The Details: The deficit has grown about $9 billion from the initial $22.5 projection announced in January, which totaled nearly $297 billion. While not projecting a recession, the updated budget believes a moderate recession could reduce personal income tax revenues by $40 billion in 2023-2024.

For Context: Unlike the federal government, California must pass a balanced budget every year, where revenues and expenditures even out. Newsom continued to not endorse any reparations plans.

Key Quotes: Newsom said it is not “the right time” for tax hikes, and stressed a sound fiscal footing. “This was not an easy budget, but I hope you see we will try to do our best to hold the line and take care of the most vulnerable and most needy, but still maintain prudence,” he said. California Republican Party chairwoman Jessica Millan said the deficit “should be a wakeup call to all Democrats that after years of increased spending, they should have better results to point to.”

How The Media Covered It: The three cited sources analyzed the deficit differently. The Hill offered many examples of specific spending amounts. Washington Free Beacon highlighted Republican frustrations and the expatriation of many wealthy Californians to other states. The Washington Post said Newsom is not cutting spending on any of “the state’s most important programs.”