State Budget Series

By January 10, 2026, Governor Gavin Newsom will release his final budget proposal for fiscal year 2026-27, marking the end of his tenure as California’s chief executive officer. His final budget comes at a pivotal moment for the state, as the Governor . . .

Governor Gavin Newsom issued his final proposed State Budget on January 9, 2026, that uses more than $42 billion in unanticipated revenue to cement landmark polices, as well as his legacy, as he prepares to vacate office as California’s head of state. It is hard to imagine that despite such healthy receipts, the state still faces a $2.9 billion budget shortfall in 2026-27, before ballooning to . . .