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 ...

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 ...

Two Democrats joined forces with Republican Senate Minority Leader Brian Jones to make sure “public safety is not a political issue” but a “human” one.

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

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.

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

Source: California Department of Finance • *Includes $1.9 billion that Gov. Newsom is holding back pending revised revenues. Chart by Yuxuan Xie The cost-of-living adjustment (COLA) in this budget is ...

The S&P 500 surged to a fresh record on Friday (June 27), shaking off renewed trade concerns after U.S. President Donald ...