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Home – California Politics & News – Newsom Grew California’s Budget by 40%—Former State Senator Says It Got Squandered

Newsom Grew California’s Budget by 40%—Former State Senator Says It Got Squandered

California’s budget has grown roughly 40% since Gov. Gavin Newsom took office in 2019, but a former state senator who helped oversee the budget says the governor squandered a once-in-a-generation opportunity to put the state’s finances on stronger footing.

In some of Newsom’s final acts as governor, he passed a $351 billion spending budget for 2026-27, a whopping 40% increase since he was elected to serve Californians in January 2019. 

When Gov. Gavin Newsom first took office, California entered the budget cycle with a projected $21.4 billion surplus, thanks to the work of previous Gov. Jerry Brown. Since then, California has experienced years of record spending and recurring multibillion-dollar budget deficits.

Many Californians might wonder what Newsom has to show for it.

The newly approved spending plan continues Newsom’s focus on expanding Medi-Cal, funding homelessness and housing programs, and investing in public education, wildfire prevention, and climate initiatives. 

It also adds more funding for special education and child care, while relying on several revenue-generating measures, including extending taxes that help fund Medi-Cal and limiting certain business tax breaks.

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