The city expects to see a $3,879,060 surplus at the close of fiscal year 2024-25, this after total revenues of $41,938,778 ...

California will face a nearly $18 billion budget deficit in the new fiscal year due to higher than expected spending, despite ...

California is facing an $18 billion deficit next year. The shortfall is due to spending outpacing revenues and federal policy changes.

ABC10’s Walt Gray and Capitol Weekly’s Rich Ehisen break down Texas redistricting block, Prop 50 impact, and Steyer’s ...

The Legislative Analyst's Office has released its annual fiscal outlook for the 2026-27 state budget, warning of a difficult ...

In the four months since the legislature and Gov. Gavin Newsom enacted a new state budget, revenues — primarily from personal income taxes — have outstripped expectations by several billion ...

The Legislative Analyst's Office forecasts healthy one-time revenues in 2026-27, but a cooling of AI stocks and a structural ...

California's budgetary woes are worse than expected, forcing state lawmakers to grapple with a nearly $18 billion shortfall ...

California lawmakers and the governor will need to prepare for an $18 billion budget deficit next year, state Legislative ...

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