California Governor Gavin Newsom signed a $321 billion budget on Friday that closes a $12 billion deficit by scaling back ...

California has increased its discretionary reserves as a direct consequence of Trump’s ongoing threats to FEMA.

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

California Governor Gavin Newsom approved a budget that curtails health coverage for undocumented immigrants due to a $12 ...

Legislative leaders would have us believe that the 2025-26 budget agreement they forged with Gov. Gavin Newsom this week is a noteworthy — even heroic — response to financial problems caused ...

The Legislature voted Friday to increase the cap on the program from $330 million a year to $750 million. The Assembly ...

His revised budget, released in May, had a $19 billion deficit even with a number of spending cuts, mostly in services for the poor and elderly. The budget deal expands the deficit to $21 billion.

Walters: State budget deal cooks the books again, masking ‘structural’ deficit If approved by California lawmakers, government spending will exceed revenues by $21 billion in 2025-26 fiscal year ...