Gov. Gavin Newsom says California's new budget is balanced, but critics argue it relies on reserves, borrowing and delayed payments to mask a continuing structural deficit and growing long-term debt.
Accurately describing the state financial situation depends largely on a person’s definitions of “balanced” and “deficit.” CALmatters is a public interest journalism venture committed to explaining ...
Accurately describing the state financial situation depends largely on a person’s definitions of “balanced” and “deficit.” Gov. Gavin Newsom and legislative leaders describe the 2026-27 budget they ...
Accurately describing the state financial situation depends largely on a person’s definitions of “balanced” and “deficit.” Gov. Gavin Newsom and legislative leaders describe the 2026-27 budget they ...
Gov. Gavin Newsom addresses the media during a press conference unveiling his revised 2026-27 budget proposal at the Capitol Annex Swing Space in Sacramento, May 14, 2026. (CalMatters/Miguel Gutierrez ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results