California Today

Newsom's final budget leaves California finances shaky

22 May 2026 11:30

Governor Gavin Newsom's revised 2026-27 budget proposal leaves California's finances in a shaky state. - The budget faces a rough reception in the Legislature due to spending cuts and revenue shortfalls.

- Critics say it fails to adequately fund education and healthcare. - The plan relies on one-time fixes and optimistic revenue projections.

- Lawmakers will debate potential amendments before the final vote. The outcome will shape California's fiscal trajectory in the coming year.

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