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California Officials Sat On $2 Billion Budget Error For Months
California officials, including the Newsom administration, allegedly knew of a $2 billion state budget error for months, Fox News reported. The report said officials were aware of the mistake for months before it became public. Fox News did not detail exactly when the error was found or whether it changed budget decisions during that period.
The allegation raises questions about oversight and transparency in California's budget process. Lawmakers and watchdogs may press for explanations about how the mistake occurred and why disclosure was delayed. The report did not include a detailed public response from the Newsom administration, which could fuel criticism from political opponents.
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đ Key Facts
- Legislative Analyst's Office identified about $2 billion in CalPERS-related budget miscalculations in Newsom's January plan
- The error combines a $1.6 billion double-counted retirement contribution rate and a $450 million future contribution misestimate
- Legislative leaders were told in February but the issue was not publicly disclosed until an April memo surfaced, with a fix expected in the May revision
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April 18, 2026