1 revisions for "California's Hidden $2 Billion Budget Error: What the Newsom Administration Knew and When"
California's nonpartisan Legislative Analyst's Office discovered in February 2026 that the Newsom administration's January budget contained roughly $2 billion in CalPERS pension miscalculations, but the error was not publicly disclosed until April. The months-long gap between discovery and disclosure has triggered demands for accountability and renewed scrutiny of California's budget oversight structures.