Fiscal Tightening: Budget Cuts & Healthcare Rollbacks In a bid to close a $ 12 billion deficit, Newsom enacted a $ 321 billion state budget featuring: Healthcare cuts for undocumented immigrants Paused pre-funding of retiree health (OPEB) debts worth over $ 700 million annually—risking long-term liabilities wsj.com +1 reuters.com +1 youtube.com +8 calmatters.org +8 calmatters.org +8 sfchronicle.com +6 en.wikipedia.org +6 timesofindia.indiatimes.com +6 calmatters.org +2 sfchronicle.com +2 timesofindia.indiatimes.com +2 A “poison pill” provision linking budget enactment to passage of CEQA reforms, prompting criticism over process transparency