Just over $100 million was cut from California's wildfire and forest resilience fund in the latest budget, though total spending has grown sharply since 2014.

Kevin O'Leary criticized Gov. Gavin Newsom as the "Justin Trudeau of California," calling for his immediate resignation over "gross mismanagement" of wildfire response.

Gov. Newsom expects a small California budget surplus after facing a deficit one year ago. His office is releasing details as devastating wildfires continue to burn in Los Angeles.