Newsom’s Tightfisted Final Budget Faces a Rough Reception in the Legislature

Gavin Newsom Is Totally Lying About Balancing California's Budget

Gavin Newsom's budget claims mask California's deficit and economic challenges ahead of 2028 run.

Newsom’s tightfisted final budget faces a rough reception in the Legislature

By Dan Walters, CalMattersThis commentary was originally published by CalMatters. Sign up for their newsletters.Since the turn of the century, California’s state budget has been plagued by a boom-and-bust syndrome rooted in its lopsided revenue system and a lack of political discipline.The budget became increasingly dependent on taxes paid by the state’s most affluent residents, whose incomes increasingly came from investments rather than salari…

Dan Walters: Newsom budget faces rough reception in Legislature

Since the turn of the century, California’s state budget has been plagued by a boom-and-bust syndrome rooted in its lopsided revenue system and a lack of political discipline.