Broke, Burning, and Budgeted: California’s $321 Billion Balancing Act

25/06/2025 44 min

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Episode Synopsis

Bonus Episode: Inside California’s $321 Billion Budget: What the 2025-26 Plan Means for YouHook: Fires, federal shifts, and financial strain — California’s facing a massive shortfall. So how did they balance a $321 billion budget?In this special episode of Plebonomics, we break down the 2025 Budget Act of California — no spreadsheets required. We explain what caused the shortfall, how lawmakers patched the gap, and what it means for everything from schools and healthcare to housing, climate, and public safety.💰 Where the money’s going — and where it’s not🏥 Big wins, hard cuts, and rejected proposals🔥 The economic ripple of the LA fires and rising program costsWhether you live in California or just want to understand how big-state budgets really work, this episode gives you a clear, Pleb-friendly look into one of the largest public budgets in the world.