Governor Newsom sends 2025-26 budget plan to Legislature
Jan 10, 2025 · SACRAMENTO – Governor Gavin Newsom today sent to the Legislature his budget for fiscal year 2025-26 – a balanced funding plan that maintains the state’s fiscal stability while preserving key investments for education, public safety, and wildfire and forest resilience.
What's in Gavin Newsom's $323 billion California budget plan?
Jan 10, 2025 · Gov. Gavin Newsom’s office laid out its vision today for how California should spend its considerable bounty, a total budget of $322 billion — projected to be the second largest state spending plan ever.
After 2 years of shortfalls, California governor proposes $322B budget …
Jan 7, 2025 · TURLOCK, Calif. (AP) — California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation’s most populous state.
Governor Newsom continues delivering a new bold ... - California …
Jan 6, 2025 · Continuing to deliver key investments and responsible fiscal management, Governor Newsom previewed the toplines of his 2025-26 state budget proposal — a balanced budget that emphasizes fiscal stability and lean and efficient government.
California budget unveiled for upcoming fiscal year
Jan 10, 2025 · The state’s fiscal year 2025-26 budget, fully revealed Friday, is balanced with no discernable deficit. Joe Stepenshaw, the state’s finance director, said Friday that he’s projecting a modest surplus of $363 million.
Understanding the Governor’s 2025-26 State Budget Proposal
Governor Gavin Newsom released his proposed 2025-26 California state budget on January 10, projecting a small positive balance of $363 million after two years of state budget deficits. The governor’s proposal projects $16.5 billion in additional revenue compared to estimates from last June and would draw down $7.1 billion in reserves.
California Budget
Changes to the Governor's Proposed Budget based upon the latest economic forecasts. The Budget passed by the Legislature and signed by the Governor.
Gov. Gavin Newsom proposes $322B budget for California with …
Jan 6, 2025 · California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state.
Quick Summary: Governor’s 2025-26 January Budget Proposal
Jan 10, 2025 · The proposed budget would withdraw $7.1 billion from the state’s reserves in 2025-26, as planned during last year’s budget process. This would leave $17 billion in remaining reserves, which is a relatively low 6.8 percent of General Fund resources in 2025-26.
California's Governor just released his first budget plan for 2025 …
Jan 11, 2025 · Newsom’s proposal for the 2025-2026 budget, unveiled Friday, has plans to pull $7.1 billion from the state’s rainy day reserve fund. That’s on the heels of a $5.1 billion draw from the fund...