POLITICSCALMATTERS
Newsom’s last budget: A 40% jump since he took office
California lawmakers are set to approve a $351 billion budget for 2026-27, marking a 40% increase in spending since Gov. Gavin Newsom took office. The plan includes new tax measures to raise $5 billion and allocates funds for childcare, homelessness, and healthcare programs. Fiscal analysts warn the state is vulnerable to economic downturns due to reliance on high-income earners and rising debt.
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