POLITICS: How Newsom created California’s chronic deficits

POLITICS: How Newsom created California’s chronic deficits

An array of charts buried in the fine print of the state budget, unknown to all but a few fiscal nerds, details what California has collected in revenues and spent over the last half-century. The current charts in Gov. Gavin Newsom’s proposed 2026-27 budget reveal how spending has exploded during his governorship, far outstripping stagnant population growth, inflation and even a hefty increase in revenues. The result, according to both Newsom’s …