Failed State Update: Budget Trickery

Dan Walters at CalMatters: When Gov. Gavin Newsom and legislative leaders were drafting a more-or-less final 2025-26 state budget last month, they were closing what they described as a $12 billion deficit, a number that the state’s media repeatedly cited.   It...

Failed State Update: Budget Baloney

Dan Walters at CalMatters: [All] of the versions of the budget, including the semi-final one unveiled this week, would fill the gaps for another year with payment deferrals, loans, accounting gimmicks and raids on reserves meant to cushion the effects of genuine...