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

Two years ago, California was so flush that Gov. Gavin Newsom was moved to make a bold declaration about the state’s estimated $100 billion budget surplus.

California Gov. Gavin Newsom speaks about state budget surplus, May 13, 2022 (KCRA News/YouTube) ...

SACRAMENTO, Calif. — California Gov. Gavin Newsom on Friday pledged to use the state’s record-breaking $300 billion budget, including an unprecedented nearly $100 billion surplus, to “future ...

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

Gov. Gavin Newsom, who just a year ago was extolling an unprecedented $97.5 billion budget surplus, on Friday laid out his plan for closing a newly projected $31.5 billion deficit, with trims to ...

The budget deal between Gov. Gavin Newsom and the Legislature forgoes or delays many of Newsom’s proposed cuts but the ...

California Gov. Gavin Newsom unveiled a revised budget Wednesday that he said addresses the substantial budget shortfall — an estimated $12 billion — in the coming fiscal year, plus one.

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

Two years ago, California was so flush that Gov. Gavin Newsom was moved to make a bold declaration about the state’s estimated $100 billion budget surplus.