In January, Governor Newsom released his proposed budget for the 2025-2026 fiscal year with hopes of a strong fiscal position and a surplus for California that has not been seen in recent years. However, in the face of multiple federal and state spending decisions, the final budget bill signed on June 27, 2025, although balanced, as required in California, is comprised of several solutions to close a $12 billion deficit. Governor Newsom cited the Trump Administration’s funding cuts as t...
