Tax windfall may rescue Newsom's final budget
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California Governor Gavin Newsom unveiled a revised budget that shows no deficit for this year and next, as the state draws another boost from the technology and artificial-intelligence boom.
Gov. Gavin Newsom said he has a secret “break the glass” plan to prevent California from electing a Republican governor — though he’s stubbornly refused to make an endorsement in the race to succeed him.
Chris Larsen, the deep-pocketed crypto executive emerging as a force among Democratic donors in the midterms, told POLITICO he plans to boost Gavin Newsom “any way we can” in his likely 2028 presidential campaign.
California Gov. Gavin Newsom said it's unfair how some people avoid paying the state sales tax when buying software.
Like his predecessor Jerry Brown, outgoing Gov. Gavin Newsom intends to leave state finances better than he found them when he leaves office early next year. The state is expected to close its structural deficit and maintain a balanced budget through July 2028, according to Newsom’s final revised budget proposal, which he presented Thursday.
The likely presidential contender is using his final budget to blunt attacks on the state’s spending, taxes and fiscal stability.
Gavin Newsom’s controversial “free diapers” program won’t face the scrutiny typical for state contractors — with the governor quietly carving out an exemption from bidding rules, despite growing questions about favoritism and waste.
The governor says his final budget proposal wipes out deficit in the short term, halves it in the long term - with significant education investment.
Gavin Newsom built his final budget presentation today around three themes: Donald Trump, California dominance and the legacy he’s leaving after eight years as governor. Throughout his hourlong presentation,
California Gov. Gavin Newsom on Thursday proposed a revised budget proposal without a deficit for his last year of office and the next, laying out a $350 billion spending plan that includes little new spending but also avoids major cuts.
A longtime California political consultant -- and a former top aide to Gov. Gavin Newsom -- pleaded guilty in a federal corruption case.