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.

On Wednesday, the state’s nonpartisan Legislative Analyst’s Office published its fiscal outlook for the 2026-2027 fiscal year — and it’s not pretty.

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

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

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

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

California will face a projected $18 billion deficit next year, according to a report by the nonpartisan Legislative ...

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

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