News Channel 3-12

California Faces $18 Billion Budget Gap as Leaders Weigh Deep Cuts

State leaders are bracing for a multibillion-dollar challenge as California faces an estimated $18 billion deficit heading ...
EdSource

First look at 2026-27 state budget: Schools and community colleges are fine — for the moment

The Legislative Analyst's Office forecasts healthy one-time revenues in 2026-27, but a cooling of AI stocks and a structural ...
Davis Vanguard

LAO Fiscal Outlook Warns of Deepening Budget Crisis, Counties Say Services at Risk

The Legislative Analyst's Office has released its annual fiscal outlook for the 2026-27 state budget, warning of a difficult ...

Newsom closed 4 prisons and trimmed payroll. Corrections spending is still over budget

California's $17.5 billion prison system is over budget, contributing to a projected state deficit. Gov. Gavin Newsom has cut spending with prison closures.

‘Larger Than Anticipated’: California Admits It Botched Deficit Estimation By $5B

In an update to California’s fiscal 2026-2027 budget outlook Wednesday, a new report released by the state’s nonpartisan ...

California faces an $18 billion deficit as prison reform debate intensifies

California Gov. Gavin Newsom has floated several ideas to stabilize the state’s finances. Some are controversial, some ...