On May 14, Governor Gavin Newsom announced a revised 2026-27 budget that, for the first time in years, is balanced. Revenues are stronger than expected, with positive year-end balances—news that […]
California spent $24 billion on Homelessness. The Streets Look the Same
Despite continued expenditures by Sacramento, California has not achieved meaningful progress in addressing homelessness. Meanwhile, the allocation and use of funds remain opaque. Over the past five years, California deployed […]
The Hilton Scenario: What California Becomes When Sacramento Answers to Mar-a-Lago
A speculative commentary grounded in stated policies, documented positions, and political reality — published the morning of California’s June 2, 2026, primary Tomorrow, California voters wake up to find out […]
$6.70 a Pound — America’s Beef Crisis Is a Structural Emergency.
Americans have noticed beef getting expensive. What they may not have fully absorbed is that the problem is structural, decades in the making, and will not be resolved before 2028 […]
Promised to 6,000 Veterans, Budgeted at Zero
There is a particular kind of political betrayal that stings more than most — and it is the one directed at those who sacrificed the most. When an administration issues […]
The “One Big Beautiful Bill” — A $3.4 Trillion IOU Dressed as Tax Relief
When the federal government cuts a trillion dollars from Medicaid to pay for tax extensions that disproportionately benefit higher-income brackets, the transaction deserves more than partisan applause or partisan outrage […]
Budapest or Bust: Arsenal and PSG Collide in a Champions League Final Worth Hundreds of Millions Jose E. Navarro | The Navarro Report
The Puskás Arena in Budapest holds 67,000 souls, but the weight of today’s UEFA Champions League final carries far more than that. At 9:00 a.m. Pacific Time on May 30, […]
California’s Five-Year Fiscal Exposure Estimated Between $312 Billion and $425 Billion
By Jose E. Navarro | The Navarro ReportSan Diego, California — May 29, 2026 A comprehensive financial analysis of California’s major public programs has placed the state’s five-year exposure to […]
Congress Asks Federal Watchdog to Quantify the True Cost of California’s Public Fund Losses
San Diego, California — May 29, 2026 The United States Congress has formally asked the nation’s top federal auditing agency to examine the full scope of waste, fraud, and abuse […]
Your Pension, Their Fees, Nobody’s Contracts: Inside CalPERS’ $179 Billion Gamble
By Jose E. Navarro | The Navarro Report On July 1, 2026, the largest public pension fund in the United States will do something no American pension fund has ever […]