2025-2026 state budget projection

May Budget Revise 2025-2026 Grows to $322 Billion, with $12 Billion Deficit

May 14, 2025 5:04 pmMay 14, 2025 5:13 pm

Governor Gavin Newsom unveiled his revised 2025-2026 budget on Wednesday, proposing a $12 billion deficit in California alongside his $321.9 billion budget. In his speech, and later in a statement, Newsom primarily blamed President Donald Trump for the $12 billion...

CA 2025-2026 State Budget Deficit at $2 Billion, Expected To Grow Exponentially

November 21, 2024 2:45 amNovember 21, 2024 2:46 am

The Legislative Analyst’s Office unveiled the California state budget forecast for the 2025-2026 fiscal year on Wednesday, showing a $2 billion deficit for the year, but with the number expected to grow exponentially if more cuts aren’t made soon. California’s...