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Newsom tries to find ways to fix deficit,
facing a multi-year shortfall of $35 billion

Original Article

Posted By: 4250Luis, 5/15/2026 7:13:31 AM

In presenting the May revision of his final budget as governor, Gavin Newsom proposed ways to fix California’s $35 billion multi-year budget deficit. The likely presidential hopeful’s attempt to solve the state’s budget woes depends on estimated general fund revenue sources from personal income taxes, corporate taxes, and sales and use taxes. The Democratic governor projected the revenues would run $16.5 billion higher than what his initial budget projected in January. That budget initially proposed revenue numbers that left the general fund with $232.3 billion. The new budget puts the revenue total at $248.8 billion.

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Reply 1 - Posted by: mifla 5/15/2026 7:34:41 AM (No. 2104472)
He entered the governor's mansion with a surplus and spent it all like a drunken sailor. No way this guy should be president.
19 people like this.

Reply 2 - Posted by: Mcscow sailor 5/15/2026 7:44:09 AM (No. 2104474)
Guess he could get $10B from Hochol. Worked for NYC. Birds of a feather hang together
14 people like this.

Reply 3 - Posted by: JHHolliday 5/15/2026 8:21:34 AM (No. 2104497)
A private company would have been bankrupt by now. Watch for an effort to push some massive tax increase. After all, it's unfair for those millionaires/billionaires/wealthy to have all that money. Let's just tap them for a big chunk of their wealth. They will then see more of an outflow of residents fleeing the state. They will never do the smart thing and cut waste and fraud. I doubt the Cali voters will ever vote the sensible way but they will come to the rest of the country's taxpayers (us) to bail them out.
9 people like this.

Reply 4 - Posted by: seamusm 5/15/2026 8:29:58 AM (No. 2104502)
Might should consider being more business friendly and less illegal friendly.
9 people like this.

Reply 5 - Posted by: Jesuslover54 5/15/2026 8:57:58 AM (No. 2104526)
I'm not chipping in.
7 people like this.

Reply 6 - Posted by: Highlander 5/15/2026 9:01:54 AM (No. 2104529)
Not good news for me. I’m on teacher’s retirement since 2015.
4 people like this.

Reply 7 - Posted by: Starboard_side 5/15/2026 10:53:52 AM (No. 2104588)
There is a way and it's something the State has plenty of - oil. Instead of importing from Iraq, they could simply pump the massive oil in their State which would produce massive revenues and would produce tens of thousands of very high-paying jobs.
12 people like this.

Reply 8 - Posted by: FL_Absentee_Voter 5/15/2026 12:23:11 PM (No. 2104640)
If he's looking for ways to fix the deficit, may I propose foregoing the idea of 400 free diapers for everyone?
9 people like this.

Reply 9 - Posted by: DVC 5/15/2026 1:28:22 PM (No. 2104654)
But, under no circumstances will Newscum cut spending by one dollar per year. He cannot even grasp that concept.
9 people like this.

Reply 10 - Posted by: skacmar 5/16/2026 7:09:40 AM (No. 2104853)
Maybe Newsom could consult with NYC Mayor Mandami. He magically just closed NYC giant deficit with his magic wand, taxes, fees, and creative accounting. And he begged for a handout from Gov. Hocul. Maybe Newsom can beg for cash from other liberal governors. Tax a few more things in California. How about a moving out of state tax?
6 people like this.

Reply 11 - Posted by: privateer 5/16/2026 7:21:14 AM (No. 2104858)
How about a tax on air? But only for the super rich. Why should they be able to breathe for free, when the homeless have nothing they can sink their teeth into?
6 people like this.

Reply 12 - Posted by: Ida Lou Pino 5/16/2026 9:25:36 AM (No. 2104915)
Kalifornia will never again have a fiscal problem - - once the bullet train starts running. Just think of all the billions of dollars the fares will generate - - from all those people who want to ride from the southern desert to the northern forests.
7 people like this.

Reply 13 - Posted by: MickTurn 5/16/2026 12:03:15 PM (No. 2104994)
All the missing MONEY can be easily found with a total Forensic AUDIT of NewSCUM's bank accounts, here and Off Shore!
2 people like this.

Reply 14 - Posted by: Omen55 5/16/2026 6:03:27 PM (No. 2105096)
Claw back the billions from your fraud train.
0 people like this.

Reply 15 - Posted by: Hermit_Crab 5/16/2026 6:36:26 PM (No. 2105099)
OOOH!!! I know how he can fix it: Confiscate the wealth of all the movie stars, Producers etc. They are good little leftists, mostly, so they shouldn't mind contributing.
0 people like this.

Reply 16 - Posted by: snowoutlaw 5/16/2026 10:19:58 PM (No. 2105154)
This is all so predictable. First step for Democrats is to cut things people actually want and need like police, fire parks and water. 2nd step is to point to those cuts and demand tax increases. Never would they cut the waste on pet projects like illegals, homeless and trains.
0 people like this.

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