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

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

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

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

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

History will — or at least should — see a $165 billion error in revenue estimates as one of California’s most boneheaded political acts. It happened in 2022, as the state was emerging from the ...

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

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

With tax revenue from high-earning Californians rebounding in recent months, the Legislature’s nonpartisan fiscal adviser ...

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 ...