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Governor Newsom signs balanced state budget that cuts taxes for vets . . . The budget demonstrates the state’s commitment to honoring veterans by creating tax cuts for military retirees, recognizing their service and supporting their financial security Lowering prescription drug costs, protecting reproductive care, and safety nets The budget preserves key health care programs for Californians targeted by Republicans
Newsom, Democrats reach $321-billion California budget deal The spending plan reflects resistance to making sweeping cuts to reduce a $12-billion budget deficit expected in the year ahead, with Democratic lawmakers citing uncertainty about the scope of
JESSE GABRIEL, CHAIR Proposed Budget Plan Being Negotiated by Legislators and Governor The proposed 2025-26 California state budget plan—largely now agreed between the leaders of the Legislature and Governor Newsom—includes $228 billion of spending from the state’s General Fund in 2025-26, an estimated $89 billion of special fund spending, and $4 billion of spending from bond accounts In addition, as of the
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