US EditionLegislative Analyst’s Office Calls Newsom’s Budget 'Alarming'
The Legislative Analyst’s Office warns that Newsom’s $349 billion budget relies on optimistic revenue estimates and excludes key risks, potentially causing chronic fiscal deficits.
- On Monday, Gabe Petek of the Legislative Analyst's Office warned the state could take a serious revenue hit if the stock market stumbles, following Governor Gavin Newsom's preliminary budget unveiled last week as a placeholder awaiting April tax returns.
- Amid deep divisions over revenue assumptions, the draft budget is dead-on-arrival as Governor Gavin Newsom projects large gains but Gabe Petek warns of chronic fiscal risks and federal aid cuts.
- The Legislature will spend the next four months reviewing the plan, with Governor Gavin Newsom calling last week's version a placeholder awaiting April personal income tax returns and planning May revisions before the June 15 constitutional deadline.
- Petek warned the failure to account for risks would leave California on precarious footing this year, while Proposition 25 and the Democratic legislative majority allowed trailer bills to pass with simple majority votes.
- The Capitol is waiting to see what Governor Gavin Newsom produces for the final budget of his governorship as legislators prepare, mindful that trailer bills morphed into 'mushroom bills' that sometimes backfired years ago.
12 Articles
12 Articles
East Bay Times
Walters: Newsom’s final budget faces a litany of political and financial challenges
Gimmickry and “mushroom bills” define governor’s $349 billion budget as chronic deficits loom.
thepress.net
Legislative Analyst’s Office calls Newsom’s budget 'alarming'
(The Center Square) – Days after Gov. Gavin Newsom released his budget proposal, the nonpartisan California Legislative Analyst’s Office released its own report that addressed Newsom's rosier-than-anticipated budget outlook for the coming year.
CA Legislative Analyst Torches Newsom’s Proposed Budget
The Legislative Analyst Sounds the Alarm. Normally, California governors get the benefit of the doubt when they introduce a January budget. This year was different. Yesterday, the California Legislative Analyst’s Office released a strongly critical review of Governor Gavin Newsom’s proposed 2026–27 budget. The California Legislative Analyst’s Office uses unusually plain language to warn that Governor Newsom’s proposed 2026–27 budget is only bala…
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