California faces a $18 billion budget deficit due to higher spending, despite strong revenue. The deficit could reach $35 ...

If the AI bubble pops it could blow a hole in the state's budget, according to a report from the Legislature's fiscal analyst ...

The Legislative Analyst’s Office released its outlook on the 2026-27 budget, highlighting the state’s weak position and an ...

SACRAMENTO, Calif. — California is facing a projected $18 billion budget deficit, nearly $5 billion higher than expected, according to a new report from the nonpartisan Legislative Analyst’s Office.

California will face a projected $18 billion deficit next year, according to a report by the nonpartisan Legislative Analyst's Office.

It seems like just yesterday that Gov. Gavin Newsom and state legislators enacted a state budget that papered over a $20 billion gap between income and outgo while blaming President Donald Trump for ...

This story was originally published by CalMatters. Sign up for their newsletters. California has long had the reputation — backed by copious data — of being a high-tax state, which made Gov. Gavin ...

California has long had the reputation — backed by copious data — of being a high-tax state, which made Gov. Gavin Newsom’s declaration last June, in a prerecorded State of the State address, a bit ...