Gavin Newsom Is Totally Lying About Balancing California's Budget
Gavin Newsom's tenure as governor of California has seen a significant shift from a $21 billion surplus to an $18 billion deficit. He recently announced a $349 billion budget, claiming it would balance by 2028, despite skepticism from analysts. Critics argue that his budgetary claims are misleading and serve more as a campaign strategy for his presidential aspirations than a reflection of fiscal reality.
- ▪Gavin Newsom inherited a $21 billion surplus but is leaving office with an $18 billion deficit.
- ▪He presented a $349 billion budget, claiming California will achieve a balanced budget by 2028.
- ▪Critics accuse Newsom of manipulating budget figures to create a favorable narrative for his presidential campaign.
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Gavin Newsom Is Totally Lying About Balancing California's Budget Matt Margolis | 5:12 PM on May 16, 2026 Hector Amezcua/The Sacramento Bee via AP, Pool When Gavin Newsom became governor, he inherited a $21 billion surplus.His final year in office had California in an $18 billion hole. This is a problem for a man who is planning to run for president in 2028. Inheriting a surplus and leaving office with a deficit is the kind of stuff that won’t get you very far when you’re running on your record.
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