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

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

CALIFORNIA, USA — It appears state lawmakers and Governor Gavin Newsom have reached a new state budget deal after months of ...

If approved by California lawmakers, government spending will exceed revenues by $21 billion in 2025-26 fiscal year.

Two California bills – one signed, another on the way – hope to remake the state's film incentive program with far more money ...

Education will remain mostly shielded from the pain of weak projected state revenues in a 2025-26 budget compromise between ...

Higher tax rates on online gambling (15%) and sports wagers (13%). The new state budget increases both tax rates to 19.75%, ...

The state has adopted the same hide-the-pea approach to budgeting that the federal government employs, one that has resulted in trillions of debt.

Gavin Newsom said he would sign off on the $321 billion budget — but only if lawmakers make changes to California's ...

California lawmakers have eliminated new funding for the HHAP program in fiscal year 2025–26, potentially halting progress in ...

Underlining the situation is an acknowledgement by the administration, backed up by the Legislature’s budget analyst, Gabe Petek, that the hole in the budget is what’s called a “ structural deficit ,” ...