California State Controller Malia Cohen said she is “cautiously optimistic” after Gov. Gavin Newsom signed the 2-24-25 state budget on June 29. Cohen, who serves as the state’s chief fiscal officer, said the agreement Newsom signed balances the budget, closing a $45 billion shortfall. Cohen said although the budget will continue to support critical programs and services most Californians rely on, “its impact on economically disadvantaged communities is yet to be determined.”
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