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

California could offer state tax rebates for electric vehicle purchases if the incoming Trump administration eliminates the ...

Gavin Newsom could spend more than $3 billion a year to subsidise zero emission vehicles after promising to reimburse ...

The nonpartisan Legislative Analyst warns government spending could expand California's small budget deficit over the next ...

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

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

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

Despite surging state revenues so far bringing in $7 billion more than expected this year, Legislative Analyst Gabe Petek ...