Governor Newsom's 2026-27 State Budget Proposal

Department of Finance / Office of the Governor · January 9, 2026

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Opening and acknowledgements

Presentation

2:22 → 4:13(1m 51s)

Director, Department of Finance (speaker identified by role) opened the briefing, thanked Department of Finance staff, PBMs and executive team members by name, and said this is his fourth budget in this role and he was honored to represent the governor's administration. He said the briefing will include a high-level overview followed by questions.

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Director of the Department of Finance presented the 2026 governor's budget as a balanced, “workload” plan that funds baseline programs, preserves reserves and holds larger changes for the May revision while flagging revenue volatility and federal policy risks such as HR1 that affect Medi‑Cal and other programs.

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Transcript

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