Newsom Proposes $322B Budget with No Deficit

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,
Governor Newsom Proposes $322 Billion Budget with No Deficit
California Governor Gavin Newsom has proposed a $322 Billion state budget for the next fiscal year. Newsom says the budget, which comes after two years of massive state deficits, will be balanced and without a deficit.
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,
How Gov. Newsom's proposed budget would affect California education
In education, popular programs like free school meals, before-and-after-school care, and summer school will remain intact. The budget fully funds universal transitional kindergarten, offering free education to approximately 400,
Newsom floats $322 billion budget that would pull California out of deficit
Gov. Gavin Newsom’s proposal included a $228.9 billion general fund that would rely on $17 billion in reserves
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 ...
Newsom promises efficient and accountable state budget, delivers bloated and ineffective spending plan
Focusing on the numbers, not the rhetoric, it is clear that Governor Newsom’s proposal does not promote a lean and efficient ...
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 ...
Newsom Prepares To Battle Trump 2.0 With $25M Infusion
On the same day that outgoing Vice President Kamala Harris affirmed that Donald Trump had defeated her fair and square and ...
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Newsom drops preview of $322 billion budget
Governor Gavin Newsom opted to deliver a budget preview, instead of his initial plan of a joint budget presentation and state ...
Budget news inbound
FIRST IN PLAYBOOK: UNION UNSETTLED — The Media Guild of the West restarted lobbying against last year’s journalism and ...
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Newsom previews $322B budget, says Trump policies could impact state finances
Gov. Gavin Newsom highlighted some of the 2025-26 state budget lines Monday afternoon while visiting the Northern San Joaquin Valley as a part of his California ...
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Newsom projects slight budget surplus for 2025, with focus on saving, accountability
As part of his $322.2 billion spending plan for the 2025–26 budget year, Newsom is prioritizing existing programs and future ...