Governor Newsom continues delivering a new bold economic vision for California, previews balanced 2025-26 state budget

Governor Newsom continues delivering a new bold economic vision for California, previews balanced 2025-26 state budget

While introducing no cuts to core programs, the proposal maintains transformative initiatives that include the full implementation of Universal Transitional Kindergarten (TK), expanded after-school and summer programs, and Universal School Meals.

Investments focus on education, economic growth, public safety, and accountability. The full Governor’s budget proposal will be released on Friday, January 10, 2025.

California’s economic dominance

California remains the fifth-largest economy in the world. With an increasing state population and recent record-high tourism spendingCalifornia is the nation’s top state for new business startsaccess to venture capital fundingand manufacturing, high-techand agriculture.

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