Newsom, who has railed against the wealth tax, told POLITICO last week that he’s been working quietly to reach a compromise ...

"It's simply an irresponsible position to be putting ourselves in," one senator said of potential future deficits.

Amid concerns that there might be as large as an $18 billion budget deficit in the coming year, California lawmakers started ...

California lawmakers and finance officials on Wednesday talked over how best to resolve a budget deficit totaling billions of ...

Meanwhile, the university systems maintain that they have fulfilled their end of the compact. This fall, for the first time, ...

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, ...

Gov. Gavin Newsom introduced the upcoming state budget for the 2026-27 fiscal year.

California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, an amount significantly ...

Newsom’s $349B budget projects a $2.9B deficit boosts education and braces for future shortfalls amid federal funding cuts.

The governor’s budget assumes higher revenues because it doesn't factor in what the office views as a strong risk of a stock ...

California faces a $2.9 billion budget deficit for the next fiscal year, one that’s drastically smaller than an $18 billion ...

California will face a lower budget shortfall than in previous year in 2026 as the state is set to cut back undocumented ...