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

California will likely have a $25 billion budget deficit next year, ending a run of historic surpluses. (AP) In May, Gov. Gavin Newsom announced the state was entering the 2022-23 fiscal year with ...

The much-revised 2024-25 state budget that Gov. Gavin Newsom released last week contains hundreds of spending reductions and other actions to close what he says is a $44.9 billion deficit. Exactly ...

SACRAMENTO — California’s state budget has been awash in cash, as lawmakers this year enjoyed a $97.5 billion budget surplus — an excess amount that’s larger than the entire general-fund ...

But there are ways to turn painful realities to California’s advantage. Contributor: California’s budget surplus has vanished and its economy is in danger. It can go one of two ways - Los ...

In California, Gov. Gavin Newsom is looking for ways to patch a $23 billion deficit. Meanwhile, in Texas, Gov. Greg Abbott is thinking up ways to spend a $33 billion surplus.

California Gov. Gavin Newsom (D) revealed a $22.5 billion deficit as he unveiled his preliminary budget proposal for the state on Tuesday — a dramatic reversal from a massive $100 billion ...

The much-revised 2024-25 state budget that Gov. Gavin Newsom released last week contains hundreds of spending reductions and other actions to close what he says is a $44.9 billion deficit.