Newsom, Lawmakers Reach California Budget Pact with No Deficit
A three-party agreement on the 2026–27 California state budget delivers a balanced spending plan with no deficit this year or next, while funding schools and healthcare.
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A three-party agreement on the 2026–27 California state budget delivers a balanced spending plan with no deficit this year or next, while funding schools and healthcare.
Governor Gavin Newsom and legislative leaders announced a balanced budget agreement on June 26 that closes California's deficit with zero deficit for both the current and next fiscal year, protecting healthcare, education, and housing programs.
Governor Gavin Newsom and legislative leaders announced a $351.7 billion balanced budget agreement that boosts reserves to $28.8 billion, invests in housing and homelessness, and places a constitutional amendment on the November ballot.
Governor Gavin Newsom and Democratic legislative leaders announced a $351.7 billion budget agreement that eliminates deficits for the next two fiscal years, protects core services, and builds $28 billion in reserves ahead of the July 1 fiscal deadline.
Governor Newsom and California legislative leaders are locked in a budget standoff days before the July 1 fiscal year start, as the Legislature pushes to restore more than $6 billion in spending the governor proposed cutting.