State Budget
Blog
Warning signs: Four California cities are facing fiscal crises in 2026
Many California cities will not fare so well on the fiscal roulette wheel. They’re not in Silicon Valley. Their local companies do not include Apple, NVIDIA, Meta/Facebook or Alphabet/Google (whose co-founders are leaving the state, while corporate HQ will remain). Those and many other companies’ rising stock valuations shed tax ...
Blog
Despite Newsom’s Claims, California is One of America’s Least Fiscally Stable States
Earlier this month, an optimistic Newsom claimed while presenting his latest proposed budget that it ‘reflect(ed) both confidence and caution,’ but if the state’s past performances are anything to go by, then Californians should be wary. The National Association of State Budget Officers’ (NASBO) latest Fiscal Survey of States shows ...
Blog
Spending Watch
Spending Watch: The Taxing Wealth Tax
The Taxing Wealth Tax Wayne Winegarden February 2026 To his credit, Governor Newsom is vowing to stop the wealth tax. As we noted in our response to Governor Newsom’s January budget, just the possibility that a 5 percent wealth tax will appear on the November ballot is having a chilling ...
California
California needs budget restraint not double-digit spending increases
Gov. Gavin Newsom is proposing a nearly 9% increase in total state spending for the upcoming fiscal year – that’s a $350 billion budget, more than $8,800 per Californian. Yet, for unions and progressive politicians, this enormous sum is too austere. They are calling on the state to backfill federal ...
Blog
Newsom’s ‘Sunny California Tale’ Masks Nightmare of Thousands Leaving the State
That splashy headline was based on the U-Haul company’s growth index, which each year “ranks states by their net gain (or loss) of customers who rented a one-way truck, trailer or U-Box® moving containers in one state and dropped off their equipment in another state.” Despite its world-renowned natural beauty, its reputation as ...
Blog
Newsom’s Proposed Ed Budget: Big Spending, Little Results
Under Newsom’s proposed budget, state and local education funding under Proposition 98 would come to $121.4 billion. If one combines funding from all sources, including federal dollars, then the budget would include $149.1 billion in total funding for all TK (transitional kindergarten)-12 education programs. These huge budget amounts translate into ...
California
PRI All Stars Analyze Governor Newsom’s 2026-27 Budget Plan
This week, PRI’s team of policy experts – Wayne Winegarden, Steve Smith, and Lance Izumi – join Tim to analyze Gov. Newsom’s budget priorities and explore whether his final state budget plan is sustainable or if it sets the state on a perilous fiscal course. They also discuss whether Newsom ...
Blog
Spending Watch
Spending Watch: California’s Budget Delusion
Spending Watch: California’s Budget Delusion Wayne Winegarden January 2026 Governor Newsom has released his final state budget and for the fourth year in a row, the state is facing a large budget deficit that it must close. This prolonged period of persistent budget deficits was entirely predictable. For the upcoming ...
California
Checking the fine print on Newsom’s “donor state” boast
California brags about its donor state status, that is, it forwards more in tax dollars to Washington than it gets back in federal spending. But that’s changed. According to the Rockefeller Institute of Government, California’s balance of payments with the federal government – the net difference between federal revenue collected ...
Blog
Spending Watch
Lacking Fundamental Reforms, California’s Fiscal Outlook Is Still Dismal
Lacking Fundamental Reforms, California’s Fiscal Outlook Is Still Dismal Wayne Winegarden and Nikhil Agarwal December 2025 The Legislative Analysts’ Office’s (LAO) latest Fiscal Outlook for 2026-27 warns that more budget pain is on the way. The nonpartisan budget analyst’s review concurs with previous PRI Spending Watch analyses where we warned ...
Warning signs: Four California cities are facing fiscal crises in 2026
Many California cities will not fare so well on the fiscal roulette wheel. They’re not in Silicon Valley. Their local companies do not include Apple, NVIDIA, Meta/Facebook or Alphabet/Google (whose co-founders are leaving the state, while corporate HQ will remain). Those and many other companies’ rising stock valuations shed tax ...
Despite Newsom’s Claims, California is One of America’s Least Fiscally Stable States
Earlier this month, an optimistic Newsom claimed while presenting his latest proposed budget that it ‘reflect(ed) both confidence and caution,’ but if the state’s past performances are anything to go by, then Californians should be wary. The National Association of State Budget Officers’ (NASBO) latest Fiscal Survey of States shows ...
Spending Watch
Spending Watch: The Taxing Wealth Tax
The Taxing Wealth Tax Wayne Winegarden February 2026 To his credit, Governor Newsom is vowing to stop the wealth tax. As we noted in our response to Governor Newsom’s January budget, just the possibility that a 5 percent wealth tax will appear on the November ballot is having a chilling ...
California needs budget restraint not double-digit spending increases
Gov. Gavin Newsom is proposing a nearly 9% increase in total state spending for the upcoming fiscal year – that’s a $350 billion budget, more than $8,800 per Californian. Yet, for unions and progressive politicians, this enormous sum is too austere. They are calling on the state to backfill federal ...
Newsom’s ‘Sunny California Tale’ Masks Nightmare of Thousands Leaving the State
That splashy headline was based on the U-Haul company’s growth index, which each year “ranks states by their net gain (or loss) of customers who rented a one-way truck, trailer or U-Box® moving containers in one state and dropped off their equipment in another state.” Despite its world-renowned natural beauty, its reputation as ...
Newsom’s Proposed Ed Budget: Big Spending, Little Results
Under Newsom’s proposed budget, state and local education funding under Proposition 98 would come to $121.4 billion. If one combines funding from all sources, including federal dollars, then the budget would include $149.1 billion in total funding for all TK (transitional kindergarten)-12 education programs. These huge budget amounts translate into ...
PRI All Stars Analyze Governor Newsom’s 2026-27 Budget Plan
This week, PRI’s team of policy experts – Wayne Winegarden, Steve Smith, and Lance Izumi – join Tim to analyze Gov. Newsom’s budget priorities and explore whether his final state budget plan is sustainable or if it sets the state on a perilous fiscal course. They also discuss whether Newsom ...
Spending Watch
Spending Watch: California’s Budget Delusion
Spending Watch: California’s Budget Delusion Wayne Winegarden January 2026 Governor Newsom has released his final state budget and for the fourth year in a row, the state is facing a large budget deficit that it must close. This prolonged period of persistent budget deficits was entirely predictable. For the upcoming ...
Checking the fine print on Newsom’s “donor state” boast
California brags about its donor state status, that is, it forwards more in tax dollars to Washington than it gets back in federal spending. But that’s changed. According to the Rockefeller Institute of Government, California’s balance of payments with the federal government – the net difference between federal revenue collected ...
Spending Watch
Lacking Fundamental Reforms, California’s Fiscal Outlook Is Still Dismal
Lacking Fundamental Reforms, California’s Fiscal Outlook Is Still Dismal Wayne Winegarden and Nikhil Agarwal December 2025 The Legislative Analysts’ Office’s (LAO) latest Fiscal Outlook for 2026-27 warns that more budget pain is on the way. The nonpartisan budget analyst’s review concurs with previous PRI Spending Watch analyses where we warned ...
