Dan Walters provides facts in CalMatters. The kind of facts that can kill a presidential campaign, especially in swing states…
“An array of charts buried in the fine print of the state budget, unknown to all but a few fiscal nerds, details what California has collected in revenues and spent over the last half-century.
“The current charts in Gov. Gavin Newsom’s proposed 2026-27 budget reveal how spending has exploded during his governorship, far outstripping stagnant population growth, inflation and even a hefty increase in revenues.
“The result, according to both Newsom’s Department of Finance and the Legislative Analyst Office, is a multibillion-dollar ‘structural deficit,’ meaning that revenues cannot cover spending that Newsom and the Legislature have enacted.”
Read it all in CalMatters.