Recent tax revenue gains may be just a spike driven by an artificial intelligence boom in Silicon Valley that’s likely to ...

The booming AI market is not stable, warns the state’s Legislative Analyst, urging lawmakers to pare income projections.

California's projected 18 billion dollar budget gap has turned a once comfortable surplus story into a stress test for ...

California’s independent legislative analyst is warning that the state faces a nearly $18 billion deficit. It is “critical” ...

The last time California faced a $35 billion money problem was in 2011, when then-Gov. Jerry Brown declared a "wall of debt" ...

California’s independent legislative analyst warns the state faces a nearly $18 billion deficit. It is “critical” for ...

CALIFORNIA, USA — California is bracing for a nearly $18 billion budget deficit next year, according to a new projection from ...

This story was originally published by CalMatters. Sign up for their newsletters. In the four months since the Legislature and Gov. Gavin Newsom enacted a new state budget, revenues – primarily from ...

AI “exuberance” has led to higher-than-anticipated income tax collections, but budget experts warn that growth is unsustainable.

California lawmakers and the governor have one main responsibility: to figure out how to use taxpayer dollars. California Legislative Analyst Gabe Petek and Gov. Newsom's Department of Finance ...

California’s governor wants to take credit for California’s climate wins on the biggest stage, but the facts show otherwise.