Governor Newsom Signs Historic Balanced State Budget

Dan Walters: Gavin Newsom, Legislators Claim Budget Is Balanced But They Need a Reality Check

Accurately describing the state financial situation depends largely on a person’s definitions of “balanced” and “deficit.” Gov. Gavin Newsom and

Governor Newsom Signs ‘Historic Balanced State Budget’ with Structural Deficit

California News: On June 29, 2026, Governor Gavin Newsom signed the 2026-2027 state budget. Before your eyes glaze over, here is how the governor characterized it: “Governor Newsom signs historic balanced state budget, cementing California’s fiscal strength and investing in the state’s future.” His press release added this little gem: What you need to know: Governor...

Gov. Gavin Newsom signs state budget with UC funding protections, financial aid and healthcare cuts

Gov. Gavin Newsom approved California’s state budget for the fiscal year 2026-27, which approves $355 billion in spending, despite the Legislative Analyst’s Office’s May projection of a $16.9 billion deficit.

Governor Newsom Signs Historic Balanced State Budget

SACRAMENTO – Governor Gavin Newsom today signed California’s 2026-27 state budget, enacting a balanced spending plan that protects Californians today while strengthening the state’s long-term fiscal future. The Governor released a video message outlining the philosophy that has guided California’s fiscal stewardship over the past seven years — rejecting the false choice between responsible budgeting and making transformational […] The post Gover…

Newsom signs balanced budget with $1.7B locked-in for housing

This time last year, California Gov. Gavin Newsom signed a state budget that included sweeping housing reforms that allowed urban residential developers to avoid rigorous environmental reviews. This year’s budget, which Newsom signed on Monday, does not carry the same historic housing reforms as last year. Instead, it is historic for balancing the budget. “For the next two years, California will have a zero-dollar deficit,” Newsom said in a vide…