Newsom, California and budget

California has more money than expected. Here’s how Gavin Newsom wants to spend it
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.
Newsom floats $322 billion budget that would pull California out of deficit
Gov. Gavin Newsom (D-CA) proposed a $322 billion budget for California on Monday in an attempt to burnish his legacy as his time leading the state draws to a close. If his budget is approved, it would be the first time in two years California is not expected to have a deficit in its state
Newsom unveils California budget for upcoming fiscal year
Governor Gavin Newsom on Monday delivered a preview of the budget, which was followed Friday by a more complete presentation.
Proposed California budget has no deficit, but could be affected by federal government
The budget Newsom announced Monday is mostly a placeholder as California waits to see if incoming President Donald Trump will follow through on threats to revoke billions in federal dollars, which could force lawmakers to make painful cuts to essential programs.
Gov. Gavin Newsom announced a $322.2 billion budget with no deficit. Here’s what’s in it
California no longer faces a budget deficit, Gov. Gavin Newsom said Monday, two months after budget officials projected a $2 billion deficit that had left little room for additional government spending.
After 2 years of shortfalls, California governor proposes $322B budget with no deficit
But the budget Newsom announced Monday is mostly a placeholder as California waits to see if incoming President Donald Trump will follow through on threats to revoke billions in federal dollars, which could force lawmakers to make painful cuts to essential programs.
Gov. Gavin Newsom proposes $322B budget for California with no deficit
California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state. But the budget Newsom announced Monday is mostly a placeholder as California waits to see if incoming President Donald Trump will follow through on threats to revoke billions in federal dollars,
Newsom Proposes $322B Budget with No Deficit, but Trump-Era Funding Threats Loom
Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state.
Newsom proposes ‘balanced’ budget with no deficits
California Gov. Gavin Newsom (D) on Monday proposed a $322 billion budget that he said would be “balanced” and without deficits — marking a significant turnaround after two years of shortfalls. Newsom delivered a “top-line” version of the 2025-2026 budget proposal at a Monday press conference,
Stock Windfall Erases California Deficit in Boom-and-Bust Shift
California Governor Gavin Newsom unveiled a budget proposal with a modest $363 million discretionary surplus, ending a two-year streak in which state lawmakers needed to plug significant spending ...
Despite revenue increase, Newsom plans to pull from California’s rainy day reserves
California Gov. Gavin Newsom previewed his $322.2 billion budget proposal for 2025-2026 during a visit Monday to California ...
Should California save more for a rainy day? OC legislator wants voters to decide
The proposal aims to increase the amount of money California is required by law to transfer to its rainy day fund.
California Politics
The proposal aims to increase the amount of money California is required by law to transfer to its rainy day fund.
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The $78 billion trade deficit may look big. But compared to what?
The trade gap signals strong demand for imports, which can be a good sign for the economy. Also, it's been fairly stable ...