The governor’s 2026-27 budget proposal projects $9 billion more in revenue than anticipated, banking on the AI-driven economy to last.

Advocates urge Newsom and legislators to raise taxes on the wealthy to offset federal cuts while critics warn rising deficits ...

"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 ...

Despite a proposed a 7% funding increase for California's public universities, officials remain anxious over whether it will ...

As both governor and a likely presidential candidate, Gavin Newsom's final state budget faces a political trap of his own ...

The governor and the California Legislature should heed LAO’s chilling conclusion: “Taken together, these trends raise serious concerns about the state’s fiscal sustainability.” ...

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

Newsom, who has railed against the wealth tax, told POLITICO last week that he’s been working quietly to reach a compromise before the initiative qualifies for California’s November ballot, including ...

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

California Gov. Gavin Newsom unveiled a record-high $350 billion state budget Friday that makes “historic” investments in areas like education — but kicks the can on paying down federal debt, foisting ...