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Newsom Signs Record $352B California Budget in Final Year
The plan delays some Medi-Cal cuts, adds childcare funding and sets aside $29 million to speed up California’s vote count.
- On Monday, California Gov. Gavin Newsom signed a $351.7 billion state budget, the largest in history, taking effect July 1. The final spending plan sets aside $28.8 billion in reserves and expands Medi-Cal to roughly 2 million undocumented immigrants.
- Spending growth since Newsom took office stems largely from sustaining pre-existing programs, according to the Legislative Analyst's Office. While revenue surged due to an AI-driven stock market boom, analysts warn this windfall is potentially temporary, leaving the state vulnerable to future downturns.
- To address state priorities, the budget provides $900 million for homelessness programs and 22,700 new childcare slots. It also preserves Medi-Cal for roughly 2 million undocumented immigrants at a $12 billion annual cost and allocates $29 million to accelerate ballot counting.
- Critics like State Sen. Roger Niello warned the budget creates a 'balanced' appearance while leaving the next governor with a $14 billion "tab" in potential new taxes. State leaders defend the plan as protecting fiscal strength.
- Lawmakers deferred critical decisions regarding corporate accountability for Medi-Cal enrollees until next year. Financial experts warn the state faces structural deficits of about $8 billion annually after Newsom departs, leaving significant fiscal questions for the next administration.
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Newsom signs $352 billion state budget, delaying some healthcare cuts
Gov. Gavin Newsom signed a nearly $352 billion spending plan Monday that delays some cuts to healthcare programs, increases funding for childcare and sets aside money to help speed up the state's vote count ahead of the November election.
·United States
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Coverage Details
Total News Sources40
Leaning Left12Leaning Right4Center10Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 39%
15%
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