Gavin Newsom unveiled a 349.9 billion dollar state budget supported by a 16.5 billion dollar revenue increase driven by the AI sector.The plan maintains key social programs like the Affordable Care Act subsidies while avoiding major tax hikes despite fiscal vulnerabilities.Newsom utilized the address to criticize federal trade policies while highlighting the 5.4 trillion dollar economy of the state.Legislators must finalize the spending plan by the mid-June deadline to prevent administrative disruption of public funding.