Tootfinder

Mamdani blames Eric Adams and Cuomo for $12 billion budget deficit (David Zimmermann/Washington Examiner)
https://www.washingtonexaminer.com/news/4437163/mamdani-blames-eric-adams-cuomo-12-billion-dollar-budget-deficit/
http://www.memeorandum.com/260128/p84#a260128p84

"The governor’s proposed 2026–27 budget includes no funding for existing affordable housing. Federal housing programs face deep uncertainty. Locally, San Francisco is staring down a structural deficit... In this context, proposals to eliminate transfer taxes and weaken development impact fees...are deliberate choices that would lock in housing scarcity for years to come."

You Can’t Build Abundance by Defunding Housing
Why cutting housing revenue in a moment of scarcity guarantees failure

The January wildfires that ripped through Los Angeles forced the state to spend billions in disaster aid
-- and delay tax filings for LA residents.
The cost of Medi-Cal,
the state-run health insurance program for low-income residents, ballooned to $6 billion more than anticipated.
Donald Trump’s on-again-off-again tariff policies rocked the stock market,
which California heavily relies on for tax revenue.
And the state lodged a flurry of lawsuits again…

Your one-minute guide to California’s budget outlook this year
Spoiler alert: California’s deficit grows, uncertainty looms, and state leaders may have fewer options than before to tackle it.