Department of Finance – California Globe

Governor Newsom Signs ‘Historic Balanced State Budget’ with Structural Deficit

July 1, 2026 12:57 pmJuly 1, 2026 1:30 pm

On June 29, 2026, Governor Gavin Newsom signed the 2026-2027 state budget. Before your eyes glaze over, here is how the governor characterized it: “Governor Newsom signs historic balanced state budget, cementing California’s fiscal strength and investing in the state’s...

Jasmeet Bains’ Fake Medi-Cal Attack Lacking Facts

June 1, 2026 6:30 amJune 1, 2026 5:15 pm

Governor Gavin Newsom’s Medi-Cal program for low-income Californians is insolvent. We have Gavin Newsom to thank; he gifted free Medi-Cal coverage to every illegal immigrant in the state, costing taxpayers $23 billion over 2 years, forcing Newsom to get both...

CA Budget: Legislative Analyst says ‘State is Ill-Prepared if Revenues Drop’

May 18, 2026 5:01 pmMay 18, 2026 5:01 pm

Last week California Governor Gavin Newsom released his May budget revise, and blamed the President’s policies–especially tariffs– for contributing to a worsened budget outlook. And then he claimed his final May budget revise is “miraculously balanced.” The California Legislative Analyst’s...

Governor Gavin Newsom Gaslights his Way Through the May Budget Revision

May 14, 2026 2:27 pmMay 15, 2026 1:33 pm

“Governor Newsom’s revised budget proposal is a fiscally disciplined, balanced plan that cuts the long-term deficit by more than half and tightens Sacramento’s belt — while supporting our most vulnerable Californians amid Donald Trump’s cruel assault on the state,” says...

Sections of the California Budget Bill

June 24, 2025 2:30 amJune 24, 2025 2:31 am

In the 2025 California Legislative Session, Senate Bill 101 (Wiener) is the annual budget bill for the 2025-26 fiscal year that begins July 1. With hundreds of individual appropriation line items, as well as budget control language, there are dozens...

DOGE Needs to Take a Deep Dive into California’s Bankrupted Medi-Cal Program

April 8, 2025 9:25 amApril 8, 2025 9:27 am

California Governor Gavin Newsom’s Medi-Cal program is insolvent. Newsom just confessed last month that California’s Medi-Cal is insolvent. Medi-Cal is California’s Medicaid program, a public health insurance program which provides needed health care services for low-income individuals. As California Congressman...

Remember Newsom’s 2022 Backroom Deal to Cut Out Competition and Force All of California into Kaiser?

March 18, 2025 8:26 amMarch 19, 2025 1:21 pm

Remember when Governor Gavin Newsom inked the backroom deal with Kaiser for statewide Medi-Cal health? He never learns, does he? Last week we learned that the cost of Newsom’s policy of giving free medical coverage to every illegal immigrant in...