The Newsom administration on Friday released the governor's initial spending plan for the upcoming 2025-26 budget year, which typically acts as a starting point for negotiations with lawmakers about the programs and policies they want to prioritize.

Gov. Gavin Newsom’s proposal included a $228.9 billion general fund that would rely on $17 billion in reserves

California Gov. Gavin Newsom (D) on Monday proposed a $322 billion budget that he said would be “balanced” and without deficits — marking a significant turnaround after two years of shortfalls. Newsom delivered a “top-line” version of the 2025-2026 budget proposal at a Monday press conference,

California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit. It’s a welcome change after two years of significant budget shortfalls in the nation’s most populous state.

Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state.