US EditionGov. Newsom, California lawmakers are close to reaching budget deal
CALIFORNIA, JUN 25 – The budget deal addresses a $12 billion deficit with cuts to healthcare for undocumented immigrants and includes $500 million for homeless housing, pending housing reform legislation.
- California lawmakers and Governor Gavin Newsom are close to finalizing a $321.1 billion state budget to address a $12 billion shortfall with a vote planned for Friday.
- This budget deal follows weeks of negotiations focused on overhauling environmental regulations to speed housing, shifting funding streams, and managing costly Medi-Cal expansions for undocumented immigrants.
- The agreement protects public transit funding completely, includes a $750 million interest-free loan for Bay Area transit, and allocates $500 million for homelessness prevention in 2026-27.
- Governor Newsom suggested allocating $1.5 billion from the state’s cap-and-trade revenues toward Cal Fire rather than public transit, while keeping taxes unchanged for individuals and small businesses; State Senator Scott Wiener praised the budget as a positive step but emphasized that transit’s long-term stability remains uncertain.
- The deal relies largely on borrowing, tapping reserves, and delaying cuts, suggesting more financial challenges ahead including federal funding uncertainty and the need for further budget reductions.
25 Articles
25 Articles
CA lawmakers close to reaching budget deal but Newsom indicates he isn't satisfied
California state lawmakers are close to reaching a budget deal, but Governor Gavin Newsom has indicated he isn't satisfied. The state is facing a $12 billion deficit, which is about five percent of the $322 billion spending plan.
Times of San Diego
Newsom agrees to ease budget cuts as California seeks more time to fix growing deficit
The budget deal between Gov. Gavin Newsom and the Legislature forgoes or delays many of Newsom’s proposed cuts, but the deficit is only likely to grow.
A Quick Look at the Middle Part of the California Legislative Session – California Globe
What generally happens in the middle part of the California Legislative Session? Immediately after the house of origin deadline, the budget deliberations are in full swing and bills must quickly be considered in the second house. The first half of June is spent mainly on the adoption of the budget bill as well as about two dozen trailer bills, which often implement significant statutory changes as part of the adoption of the state budget. For th…
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