The state of California is currently looking down the barrel of a possible budget shortfall of ten billion dollars, or possibly more than that.
This news comes just weeks after it was reported that their state-run healthcare plan, which covers illegal aliens, is over budget by billions. The state is also dealing with a massive recovery effort after wildfires ravaged a huge area in the southern part of the state earlier this year.
It’s incredible that some Democrats and people in media think Governor Gavin Newsom would be a good candidate to run for president in 2028. What has he done besides drive his state into poverty and population loss?
Breitbart News reports:
Gavin Newsom, California Face Another Budget Shortfall; $10-$20 Billion
California Governor Gavin Newsom and state lawmakers are bracing for a $10 billion budget shortfall — even before federal spending cuts undertaken by the Trump administration and the Department of Government Efficiency (DOGE).
Newsom and the Democrats took a near-$100 billion surplus in 2022– partly fueled by federal coronavirus funds under the Biden administration — to a near-$50 billion deficit in 2024.
Earlier this year, the state was forced to borrow $6.2 billion to fund Medi-Cal, the state’s Medicaid program, which Newsom and his party expanded to cover illegal aliens.
More from Politico:
Gov. Gavin Newsom is likely staring down a $10 billion budget hole that could deepen to $20 billion or more.
President Donald Trump’s tariff policies, a Medi-Cal shortfall and delayed tax filings from Los Angeles-area wildfire victims are putting the state in a worse economic situation than the California governor previously anticipated — and that’s without taking into account expected federal spending cuts…
In early January, the governor’s Department of Finance projected the state would see a small surplus this year. But Newsom and legislative leaders are now flying blind into budget crunch time, as tariffs and a lack of tax receipts — including those from some of the wealthiest Californians — are stoking financial uncertainty.
Imagine living in the state with the highest taxes in the country, and having the leaders of the state tell you that they’re coming up short in the new budget by ten billion or more. It’s outrageous.
The post REPORT: Highest Tax State of California Bracing for Budget Shortfall of Ten Billion or More appeared first on The Gateway Pundit.
