By Sumaira Akbarzada and Jana Wright Governor’s Fiscal Year 2025-26 Budget Proposal On January 10, 2025, Governor Gavin Newsom released his Fiscal Year (FY) 2025-26 Budget proposal of $322 billion total funds (TF) (). Health and Human Services makes up a large portion of the budget with proposed expenditures of $296.1 billion ($83.7 billion General […]| ITUP
On January 10, 2025, Governor Newsom released his proposed California state budget for the 2025-26 term. Following last year’s $46 billion budget shortfall, the Governor’s new budget looked quite different this year. Specifically, the budget had no deficits, reporting a projected surplus of $363 million due to the state’s prediction that it will collect almost $17 billion more in revenue than was originally planned. In fact, this year is slated to go down as California’s second-larges...| The Source on HealthCare Price and Competition
