Dossier
budget accounting error
Coverage of budget accounting error in the Nexus archive.
- Newsom administration allegedly knew of $2B California budget error for months: report
The California Newsom administration allegedly knew of a $2 billion budget accounting error tied to CalPERS for months, which could reduce the state’s projected deficit but does not address larger long-term fiscal challenges. The error, involving double-counted retirement contributions and miscalculations, was flagged by the Legislative Analyst’s Office in February but publicly disclosed in April.