As state lawmakers returned to Sacramento for a new legislative session this week, Democratic members are having serious ...

California faces $18-35 billion budget deficit as Newsom pivots to presidential ambitions, leaving housing, homelessness and ...

California's deficit is projected to reach nearly $18 billion next year, as spending is expected to offset, if not eclipse, strong tax revenues.

How did we get here? Where do we go from here? Spend one minute to catch up on everything you need to know about California’s ...

SACRAMENTO, Calif. — Gov. Gavin Newsom is set to deliver his final State of the State address on Thursday, in-person for the ...

The California Legislature returns to work Monday for the 2026 session, and a major financial headache awaits. The ...

The budget hole calls for sustainable revenue increases or serious spending cuts, the Legislature’s analysts say. But either would be unpopular with top Democrats.

The lynchpin of the Democratic Party’s control over California is not elected officials but the million-plus members of ...

Venture capitalist Chamath Palihapitiya says a proposed California billionaire tax is already driving ultra-wealthy residents ...

SACRAMENTO, Calif. — California lawmakers return to the Capitol on Monday to begin a new legislative session shaped by an ...

California could face a budget deficit up to $18 billion this year. One Democrat running for governor says the state needs to ...

California lawmakers will face a challenging budget environment next year, marked by a projected $18 billion budget deficit, according to the state's Legislative Analyst's Office. The sobering news is ...