California Governor Signs Balanced Budget With No Deficit, Preserves Reserves
Governor Newsom signed the 2026–27 California state budget, a balanced plan with no projected deficit that preserves nearly $30 billion in reserves and funds key programs.
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4 results for "Fiscal"
4 results for “Fiscal”
Governor Newsom signed the 2026–27 California state budget, a balanced plan with no projected deficit that preserves nearly $30 billion in reserves and funds key programs.
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 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.