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Newsom outlines $248.3 billion budget, education and housing priorities in final State of the State
Summary
Governor Gavin Newsom told a joint convention in Sacramento that he will submit a $248.3 billion general fund budget with $42.3 billion in additional revenue, promising record per-student spending, new homelessness and housing measures, public-safety grants and a low-cost insulin pen.
Governor Gavin Newsom delivered his final State of the State address to a joint convention in Sacramento on Sept. 12, 2025, and previewed a general fund budget of $248.3 billion that he said includes $42.3 billion more revenue than forecasted. "It will be a general fund budget of $248,300,000,000," Newsom said, adding that higher-than-expected receipts will allow investments in schools, homelessness and infrastructure.
Newsom said the plan would rebuild reserves by $7.3 billion and pay down more than $11.8 billion in long-term pension liabilities, including $3 billion in the coming year. He highlighted education investments, saying the budget will fund a record $27,418 per pupil, fully fund transitional kindergarten…
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