Governor Gavin Newsom’s proposed 2026-27 budget includes a $2.9 billion budget shortfall, with increased revenue from AI and a strong stock market, but no new state funds for affordable housing and reductions to the IHSS program.
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Governor Gavin Newsom’s proposed 2026-27 budget includes a $2.9 billion budget shortfall, with increased revenue from AI and a strong stock market, but no new state funds for affordable housing and reductions to the IHSS program.