California's state budget deficit impact on small business owners

California's state budget deficit has reached an estimated $31.5 billion dollars and Governor Newsom's plan to cover the shortfall includes cutting back on several core programs. One of the proposed cuts takes millions of dollars from programs that provide acess to capital for economic development and financial education, raising concerns for small business owners. KTVU's Greg Lee speaks with Carolina Martinez, CEO of small business advocacy group Cameo about how the changes would impact small businesses in California.

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