Gov. Newsom, California lawmakers are close to reaching budget deal
- California lawmakers and Governor Gavin Newsom are close to finalizing a $321.1 billion budget deal to address a $12 billion shortfall this fiscal year.
- The shortfall mainly arises from Medi-Cal cost overruns tied to expanding healthcare coverage for undocumented immigrants, prompting cuts and policy adjustments.
- The deal maintains full funding for public transit including a $750 million interest-free loan for Bay Area agencies, and allocates $500 million for homelessness prevention grants.
- State Senator Scott Wiener announced that all proposed reductions to public transportation funding have been eliminated, and the previously agreed-upon $750 million state loan designated for transit agencies in the Bay Area has been preserved in full.
- The tentative agreement relies on borrowing, state reserves, and funding shifts, while requiring passage of housing reform legislation to expedite construction by July 1.
23 Articles
23 Articles
CA lawmakers close to reaching budget deal but Newsom indicates he isn't satisfied
California state lawmakers are close to reaching a budget deal, but Governor Gavin Newsom has indicated he isn't satisfied. The state is facing a $12 billion deficit, which is about five percent of the $322 billion spending plan.

Newsom agrees to ease budget cuts as California seeks more time to fix growing deficit
The budget deal between Gov. Gavin Newsom and the Legislature forgoes or delays many of Newsom’s proposed cuts, but the deficit is only likely to grow.
A Quick Look at the Middle Part of the California Legislative Session – California Globe
What generally happens in the middle part of the California Legislative Session? Immediately after the house of origin deadline, the budget deliberations are in full swing and bills must quickly be considered in the second house. The first half of June is spent mainly on the adoption of the budget bill as well as about two dozen trailer bills, which often implement significant statutory changes as part of the adoption of the state budget. For th…
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