US EditionNewsom announces $12B deficit in revised California budget proposal
- Governor Gavin Newsom released California's May Revision budget on May 28, 2025, revealing a $12 billion deficit for fiscal year 2025-26 starting July 1.
- Newsom attributed the deficit to higher Medicaid spending, economic uncertainty including President Trump's tariffs, a volatile stock market, and rising health care costs.
- The revised state spending plan totals nearly $322 billion and includes freezes on immigrant health care enrollment and cuts such as eliminating coverage for certain weight-loss drugs.
- Newsom attributed a potential $16 billion decline in California’s future state revenues to the economic policies of President Trump, a claim sharply rejected by Assembly Republican Leader James Gallagher, who called it unfounded and dismissed Newsom’s criticism.
- California cities also face fiscal challenges, with Los Angeles nearly $1 billion short and others like San Diego and Long Beach showing deficits, indicating widespread budget pressures.
182 Articles
182 Articles
CalMatters: Gavin Newsom’s off-the-mark budget numbers undermine his credibility again
Gov. Gavin Newsom’s revised state budget assumes California will see a sharp decline in projected revenue, largely because President Donald Trump’s tariffs will slow the nation’s economy. Newsom blames a “Trump slump,” as well as an unanticipated increase in spending on Medi-Cal, California’s medical program for the poor, for punching a $12 billion hole in the budget. Both of those factors, however, underscore a consistent trend in budgets Newso…
Glenn Beck: EVERY TAXPAYER should stand up against this
“The Left is becoming so incredibly radical,” Glenn Beck laments in a fiery rant. “Every taxpayer should raise holy hell,” he says, over California’s latest change to its Medi-Cal program. After offering coverage to illegal immigrants, California’s Gavin Newsom has now realized that the program is bankrupting the state even more! But instead of ending it, he just ended SOME of it. California can destroy itself, Glenn says, but the rest of Americ…
Newsom Refuses LA Bailout Amid $1B Budget Meltdown - American Faith
California Governor Gavin Newsom has officially declined to provide financial assistance to the city of Los Angeles, which faces a staggering $1 billion deficit, citing the state’s own $12 billion budget shortfall. Despite repeated pleas from L.A. Mayor Karen Bass, Newsom’s latest budget proposal offers no relief. “The state’s not in a position to write a check,” Newsom stated bluntly at a Wednesday press conference. “That’s a nonstarter.” The r…
Newsom is one to blame for fleeing refineries
As Memorial Day approaches and Americans take their long-weekend driving getaways, California’s price of gasoline remains stubbornly high—$4.92 per gallon compared to a national average of $3.19, per AAA. By next year, however, drivers might look back at those prices with envy. Most energy experts predict that California gas prices are likely to go way up. It doesn’t take any complex research to arrive at that conclusion. “California could lose …
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