The governor’s 2026-27 budget proposal projects $9 billion more in revenue than anticipated, banking on the AI-driven economy to last.

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

Advocates urge Newsom and legislators to raise taxes on the wealthy to offset federal cuts while critics warn rising deficits ...

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

The governor and the California Legislature should heed LAO’s chilling conclusion: “Taken together, these trends raise serious concerns about the state’s fiscal sustainability.” ...

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 ...

Newsom, who has railed against the wealth tax, told POLITICO last week that he’s been working quietly to reach a compromise before the initiative qualifies for California’s November ballot, including ...

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

As both governor and a likely presidential candidate, Gavin Newsom's final state budget faces a political trap of his own ...

California Gov. Gavin Newsom unveiled a record-high $350 billion state budget Friday that makes “historic” investments in areas like education — but kicks the can on paying down federal debt, foisting ...

A new state report warns that Gov. Gavin Newsom’s plan to close a projected $2.9 billion budget shortfall fails to confront ...