CalPERS posted a preliminary 14.8% return for 2025–26, lifting assets to about $637.1B and improving the funded ratio to 85% — a shift that could ease pressure on local budgets.

Gov. Newsom defended Medi‑Cal’s use of funds for housing and food as Republicans accused the state of fraud. Federal scrutiny and budget moves now put some social supports at risk.

Researchers found live SFPD drone streams online that captured detentions, apartment checks and vehicle tracking across the city. The exposure spotlights privacy and oversight gaps.