"Newsom's interview Monday on MS NOW, the cable channel beloved by Democratic politicians and activist voters, implied anew that his final year as governor will be dominated by his all-but-certain bid for the White House in 2028. He spent much of it criticizing President Donald Trump for refusing aid to Los Angeles fire victims and cracking down on undocumented immigrants."
"Gabe Petek, the Legislature's budget analyst, sees an immediate $18 billion gap between income and outgo that could mushroom to $35 billion if not closed. He's warned that Newsom and legislators can't count on a sluggish economy to solve their problem. They have used a variety of gimmicks, including raids on emergency reserves, off-the-books loans and deceptive accounting gambits to stave off the day of fiscal reckoning, but the shortfall, born of overspending revenues, has continued."
The Legislature reconvened after a 114-day recess as Governor Gavin Newsom renewed his nascent 2028 presidential campaign. Newsom is focusing much of his final gubernatorial year on national politics, criticizing President Trump on disaster aid and immigration. The governor will deliver the State of the State and present responses to projected multi-billion-dollar deficits. Legislative budget analyst Gabe Petek identifies an immediate $18 billion shortfall that could grow to $35 billion. Lawmakers have relied on raids of emergency reserves, off-the-books loans and deceptive accounting, leaving fewer tools to address recurring budget problems.
Read at www.mercurynews.com
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