Newsom, who has railed against the wealth tax, told POLITICO last week that he’s been working quietly to reach a compromise ...

Despite a proposed a 7% funding increase for California's public universities, officials remain anxious over whether it will ...

"It's simply an irresponsible position to be putting ourselves in," one senator said of potential future deficits.

Amid concerns that there might be as large as an $18 billion budget deficit in the coming year, California lawmakers started ...

Newsom’s $349B budget projects a $2.9B deficit boosts education and braces for future shortfalls amid federal funding cuts.

California lawmakers and finance officials on Wednesday talked over how best to resolve a budget deficit totaling billions of ...

The governor’s budget assumes higher revenues because it doesn't factor in what the office views as a strong risk of a stock ...

California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, an amount significantly ...

SACRAMENTO, Calif. — Gov. Gavin Newsom on Friday unveiled his proposed $348.9 billion budget for the 2026–27 fiscal year, ...

California faces a $2.9 billion budget deficit for the next fiscal year, one that’s drastically smaller than an $18 billion ...

The Newsom administration released the proposal Friday for the upcoming 2026-27 budget year, which acts as a starting point ...

California Gov. Gavin Newsom unveiled a record-high $350 billion state budget Friday that makes “historic” investments in ...