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California Passes $321B Budget Amid Housing Reforms and Cuts

6/28/2025

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Summary

Story summary

California lawmakers have approved a staggering $321 billion budget, hinging on new housing and environmental reforms. Governor Newsom is pushing for amendments to the California Environmental Quality Act to streamline housing projects. However, the budget slashes healthcare funding and leans on state savings to tackle a looming $12 billion deficit, raising alarms about future fiscal health and program viability.

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Story summary

California lawmakers have approved a staggering $321 billion budget, hinging on new housing and environmental reforms. Governor Newsom is pushing for amendments to the California Environmental Quality Act to streamline housing projects. However, the budget slashes healthcare funding and leans on state savings to tackle a looming $12 billion deficit, raising alarms about future fiscal health and program viability.