{"id":79031,"date":"2025-12-03T01:39:08","date_gmt":"2025-12-03T01:39:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/79031\/"},"modified":"2025-12-03T01:39:08","modified_gmt":"2025-12-03T01:39:08","slug":"california-faces-18-billion-budget-deficit-report-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/79031\/","title":{"rendered":"California faces $18 billion budget deficit, report says"},"content":{"rendered":"

BAKERSFIELD, Calif (KBAK\/KBFX) A new report from the Legislative Analyst\u2019s Office projects that California will face a $18 billion budget deficit for the 2026-27 fiscal year, marking the fourth consecutive year of deficits under Gov. Gavin Newsom. <\/p>\n

This figure is about $5 billion more than anticipated by the governor’s administration in June.<\/p>\n

\"California<\/p>\n

California faces $18 billion budget deficit, report says (KBAK)<\/p>\n

Michael Turnipseed, executive director of the Kern County Taxpayers Association, attributed the deficit to federal spending cuts tied to the Big Beautiful Bill, ongoing economic uncertainty, and a continued exodus of taxpayers from the state.<\/p>\n

“Those are the three real causes, and they need to figure out how to keep major people here who pay lots of money in taxes here,” Turnipseed said. <\/p>\n

The budget could increase up to $38 billion by the 2027-28 fiscal year, he added.<\/p>\n

\"California<\/p>\n

California faces $18 billion budget deficit, report says (KBAK)<\/p>\n

Turnipseed noted that balancing the budget without additional revenues could lead to increased taxes and fees, which may drive more people and businesses out of the state.<\/p>\n

Legislative Republicans blame the deficit on poor spending decisions.<\/p>\n

\"California<\/p>\n

California faces $18 billion budget deficit, report says (KBAK)<\/p>\n

Comment with Bubbles<\/p>\n

BE THE FIRST TO COMMENT<\/p>\n

Sen. Melissa Hurtado told Eyewitness News that raising taxes is not the solution, stating, “Taxes are increasingly becoming more, so of a burden than ever before because of the cost of living. I think that\u2019s something that I know my team and I are working on. Particularly and specifically in property taxes.”<\/p>\n","protected":false},"excerpt":{"rendered":"BAKERSFIELD, Calif (KBAK\/KBFX) A new report from the Legislative Analyst\u2019s Office projects that California will face a $18…\n","protected":false},"author":2,"featured_media":79032,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[151,153,152],"class_list":{"0":"post-79031","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bakersfield","8":"tag-bakersfield","9":"tag-bakersfield-headlines","10":"tag-bakersfield-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/79031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=79031"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/79031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/79032"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=79031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=79031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=79031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}