Were a private corporation to cook its books like the state government does, its executives could wind up in jail for fraud.

Two years ago, California was so flush that Gov. Gavin Newsom was moved to make a bold declaration about the state’s estimated $100 billion budget surplus.

SACRAMENTO, Calif. — California Gov. Gavin Newsom on Friday pledged to use the state’s record-breaking $300 billion budget, including an unprecedented nearly $100 billion surplus, to “future ...

California Gov. Gavin Newsom speaks about state budget surplus, May 13, 2022 (KCRA News/YouTube) ...

A budget deal brokered by Wisconsin Democratic Gov. Tony Evers and Republicans who control the state Legislature has cleared ...

Governor Gavin Newsom called out President Donald Trump while signing, noting a multibillion dollar deficit that didn't exist ...

A report from the LAO forecast that California could face up to a $25 billion budget shortfall in 2023. H.D. Palmer, who heads the state’s Department of Finance, explained how the budget came to ...

Gov. Gavin Newsom, who just a year ago was extolling an unprecedented $97.5 billion budget surplus, on Friday laid out his plan for closing a newly projected $31.5 billion deficit, with trims to ...

California Gov. Gavin Newsom unveiled a revised budget Wednesday that he said addresses the substantial budget shortfall — an estimated $12 billion — in the coming fiscal year, plus one.

Public universities will dodge big proposed cuts, while TK-12 schools will receive significant one-time funding for new or ...

Two years ago, California was so flush that Gov. Gavin Newsom was moved to make a bold declaration about the state’s estimated $100 billion budget surplus.