Stock Market – 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...

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...