History will — or at least should — see a $165 billion error in revenue estimates as one of California’s most boneheaded ...

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

"There’s really no capacity for new commitments because we do estimate there to be these pretty significant operating ...

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

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 ...

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

California lawmakers return to Sacramento on Monday for the swearing-in ceremonies for new state lawmakers and begin the ...

California Gov. Gavin Newsom appears to be trying to strike a delicate balance between the political brawler that his ...

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

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.