It happened in 2022, as the state was emerging from the effects of the COVID-19 pandemic. Gov. Gavin Newsom’s ...

Several state employee contracts expire in 2025, which means negotiations over compensation and benefits will begin in the ...

Legislature’s budget analyst paints grim picture as spending continues to outpace revenues, creating operating deficits.

California's legislative analyst warns that big deficits could return in Hollywood with Donald Trump back in the White House.

The nonpartisan Legislative Analyst’s Office projects a $2 billion shortfall for 2025-26, but says the state can’t afford big ...

Nvidia, Apple, Google and Meta deliver billions of dollars in taxes to California. The state is grateful for this year's wild ...

Newsom will propose a 2025-26 budget in January, but no matter what he and the Legislature decide, the structural budget ...

The California Legislative Analysts’ Office predicts a $2-billion budget deficit for the state through 2025-26. California could be in a much better financial position than earlier this year ...

The rally in technology stocks has created so much wealth in California that it has helped the state fill its coffers.

After clearing up a $47 billion budget deficit earlier this year, California may not be out of trouble just yet.

While the analyst called the anticipated budget 'in fair condition,' he expects large deficits in the following fiscal years.

“California is the highest-tax state in the country, yet we are still facing multi-billion-dollar deficits well into the ...