California’s proposed budget for the next fiscal year avoids broad-based tax increases in response to budget shortfalls, though it does seek to add revenue with new requirements on delivery companies like DoorDash and Uber Eats.
That change, among others, was announced Friday with the release of Gov. Gavin Newsom’s (D) plan for the 2026-27 fiscal year, which the administration depicted as much rosier than previously expected.
Newsom’s proposed budget predicts higher tax revenues, though still resulting in a deficit of $3 billion. This gap is signficantly less than the previous estimate of $18 billion from the Legislative Analyst’s Office.
The ...