California Gov. Gavin Newsom on Thursday unveiled a revised budget proposal without a deficit for his last year of office and the next, laying out a $350 billion spending plan that includes little new ...

The likely presidential contender is using his final budget to blunt attacks on the state’s spending, taxes and fiscal stability.

This story was originally published by CalMatters. Sign up for their newsletters. California will face a nearly $18 billion budget deficit in the new fiscal year due to higher than expected spending, ...

California faces an unprecedented exodus as high taxes, a $31 billion deficit and a ballot-approved wealth tax push more ...

Why doesn’t West Virginia have more debt? The question rates asking in response to a Wall Street Journal editorial which observes that California “is facing huge budget deficits despite an ebullient ...

Gavin Newsom on Thursday released an updated budget plan that shows California has erased its projected deficit for the next ...

BAKERSFIELD, Calif. (KERO) — Even as the world’s fourth-largest economy, California continues to face worsening budget shortfalls. The state recorded a $27 billion deficit in 2023–24, followed by $55 ...

California Facing Projected $18B Deficit as Newsom Heads Into His Last Year as Governor SACRAMENTO, Calif. (AP) — California will face a projected $18 billion deficit next year, setting up a challenge ...

California lawmakers will face a challenging budget environment next year, marked by a projected $18 billion budget deficit, according to the state's Legislative Analyst's Office. The sobering news is ...

California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, an amount significantly lower than what legislative budget analysts projected. The deficit, though ...