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California

Newsom Signs Historic Balanced Budget, Cementing California’s Fiscal Strength

**SACRAMENTO** — Governor Gavin Newsom on Sunday signed California’s 2026–27 state budget, delivering a balanced spending plan with no projected deficit this fiscal year or next, while preserving nearly $30 billion in reserves and continuing major investments in education, health

Paloma JanssenJuly 1, 20262 min read
California

Newsom, Legislature Reach Budget Deal Closing California's Deficit

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.

Paloma JanssenJune 29, 20262 min read
California

Newsom, Legislative Leaders Reach $351.7 Billion California Budget Deal

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.

Paloma JanssenJune 29, 20262 min read
California

California Leaders Reach $351.7 Billion Budget Agreement with No Deficit

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.

Paloma JanssenJune 29, 20262 min read