Newsom Signs California 2026-27 Budget With No Deficit This Year or Next, Reserves Near $30 Billion
Governor Gavin Newsom on June 29, 2026, signed California's 2026-27 state budget in Sacramento, the state capital, enacting a balanced spending plan with no projected deficit this fiscal year or next. The budget preserves nearly $30 billion in reserves, and just over $35 billion when additional holding accounts are included, according to the Governor's Office.
Among its provisions, the budget funds tax relief for California small businesses, continues universal school meals, universal transitional kindergarten, expanded childcare and free summer school, and delivers the largest single-year investment in special education in California history. It also advances housing reforms that reduce red tape and accelerate homebuilding, continues investments under Proposition 1 behavioral health, and funds disaster recovery, wildfire resilience, infrastructure, workforce development and public safety.
Alongside the budget, the Governor signed the Save for California's Future Act, advancing a constitutional amendment to strengthen and modernize California's Rainy Day Fund. The signing list included AB 109 and SB 110 and SB 111, the Budget Act of 2026 bills, as well as SB 122 on taxation, SB 125 on the Medi-Cal managed care organization provider tax, AB 150 on early care and education, AB 152 on human services, SB 164 on health and SB 174 on courts.
Related: Newsom Unveils Revised Budget Erasing California's Deficit, With Nearly $30 Billion in Reserves
Source: Office of the Governor of California
Published by GSM · USA (original Chinese edition)
Photo: 图：加州州长纽森在州长办公室签署2026至27年度预算，身后为美国国旗与加州州旗。加州州长办公室发布，2026年6月29日签署稿配图。 / Photo: Governor Gavin Newsom signs California's 2026-27 state budget in the Governor's Office, with the U.S. and California flags behind him. Released by the Office of the Governor of California with its June 29, 2026 signing release.
IEHP Announces on November 13 Postponement of San Bernardino Community Wellness Center Opening Celebrations Scheduled for November 17 and 212026-11-14
CAPSBC Annual Turkey Distribution Held in San Bernardino on November 14, 9 A.M. to 1 P.M., Limited to One Turkey and One Food Box Per Household2026-11-14