Newsom unveils deficit-free budget through 2028 with boosted investments in families, education, and health
TL;DR Summary
Governor Newsom’s revised 2026-27 budget eliminates California’s projected deficit through July 2028, maintains nearly $30 billion in reserves, and funds extensive investments in child care, schools, higher education, healthcare affordability, housing, and disaster recovery, while pursuing fiscal restraint and depositing $9.7 billion into the Surplus Holding Account to guard against future volatility.
Topics:top-news#california-budget#deficit-elimination#investments-in-healthcare-and-education#newsom#politics#surplus-holding-account
- Governor Newsom announces revised budget that eliminates California’s deficit, maintains investments for working families, healthcare, education, and businesses California State Portal | CA.gov
- California's flush with cash. Newsom wants to cut spending anyway. Here's why. CalMatters
- Newsom tries to balance California’s books — and head off 2028 liabilities Politico
- Newsom celebrates as the AI boom bails out California SFGATE
- What Newsom’s proposed budget means for education in California Los Angeles Times
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Read on California State Portal | CA.gov