"Every California budget can be affected by forces outside of our control - whether it's conflict overseas or an unpredictable stock market here at home..." - H.D. Palmer, Governor's Department of Finance.
The outlook released from the Legislature's nonpartisan fiscal advisor offers lawmakers a preliminary analysis of the state budget picture through summer 2026 and warns of potential future deficits.
The California Legislative Analysts' Office forecasts a $2-billion budget deficit for next year, but the situation could worsen due to federal policy changes under the Trump administration.
...the state should be in a much better financial position for next year's budget than earlier this year when Democrats faced a $50-billion shortfall.
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