Gov. Gavin Newsom to propose California 2026-2027 budget

Описание: Gov. Gavin Newsom is set to release his spending proposal for the state's 2026-2027 budget on Friday. His presentation comes a day after the governor teased that tax revenues over the past three years are $42.3 billion higher than expected. He cited a growing economy as the cause and said during his final State of the State address that he plans to put $7.3 billion back into state reserves. Overall, he stated the overall projection will be $248.3 billion for the state's budget.

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