For the fourth straight year, California faces a massive deficit: $18 billion in 2026-27, exploding to $35 billion annually by 2027-28, even while tax revenues pour in from the AI boom and soaring stock market. The nonpartisan Legislative Analyst’s Office confirmed it this week: the “balanced” budget Governor Newsom signed in June was never balanced.It was propped up with duct tape and desperation: $7.1 billion stolen from the rainy day fund, $11 billion in fake “cuts” that vanish next year, and billions more in accounting tricks any honest bookkeeper would call fraud. Reserves meant for real emergencies have been looted to fund permanent new spending. Transparency is nonexistent. Sacramento tells the public everything is fine while quietly emptying the state’s savings acco
