California State Budget
Coverage of California State Budget in the Nexus archive.
- Newsom and California legislators claim the budget is balanced. They need a reality check
Governor Gavin Newsom and California legislators claim the 2026-27 budget is balanced, but analysts argue it hides a $20 billion deficit by relying on emergency reserves, delayed payments, and loans. The budget analyst warns of structural imbalances and unsustainable spending since 2022, with projections of ongoing deficits and a growing 'wall of debt' exceeding $150 billion.
- Altadena Fire Survivors to Press Lawmakers for $25 Million Rebuild Fund Before Budget Deadline
Eaton Fire survivors, housing advocates, and community leaders will hold a news conference urging state lawmakers to include a proposed $25 million rebuild fund in the California state budget to support wildfire recovery and prevent displacement. The Community Aid for Rebuilding and Equity Fund, introduced by state Senator Sasha Renée Pérez, aims to provide rebuild-gap grants for homeowners and preserve affordable housing in Altadena.
- California has more money than projected after admin miscalculated state budget
California has more state funds than projected due to a budget miscalculation by the administration. The surplus was discovered after initial budget forecasts were overly conservative, according to the article.