Newsom announces two-year balanced budget and uses rollout to trash Trump

Published May 14, 2026 5:49pm ET | Updated May 14, 2026 6:01pm ET



Gov. Gavin Newsom (D-CA) on Thursday unveiled a revised California budget proposal that he said keeps the state balanced for the next two fiscal years, pushing back on critics who have accused him of overspending and setting up his successor to hold the bag.

“I could’ve gotten out of here with a 12-month solution, stacked up a lot of wins, not had any of these questions about any of these cuts, and then really socked it to the next administration,” Newsom said in Sacramento as he rolled out a roughly $350 billion spending plan that avoids sweeping cuts.

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