FILE - In this Friday, Jan. 10, 2020 file photo, California Gov. Gavin Newsom gestures toward a chart showing the growth of the state's rainy day fund as he discusses his proposed 2020-2021 state budget during a news conference in Sacramento, Calif. A stock market decline because of coronavirus fears might impact California's budget. California, unlike most other states, gets a lot of its revenue from taxes on capital gains, making it more susceptible to short-term market fluctuations. (AP Photo/Rich Pedroncelli, File)
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