Gov. Gavin Newsom is proposing a nearly 9% increase in total state spending for the upcoming fiscal year – that’s a $350 ...

State revenues could dramatically drop if the AI boom busts, according to the nonpartisan legislative analyst.

Three major factors contribute to the state's recurring crises. Some are easier to solve than others.

The governor is banking on being able to continue to collect a special tax that is set to expire in June.

The announcement by Union Finance Minister Nirmala Sitharaman in her budget speech on Sunday to support the high-value nut ...

California's budgets have been susceptible to the ways wealthy taxpayers derive their income, particularly during periods of ...

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

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 ...

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

Newsom has made California smaller, poorer and less politically powerful. His many failings should be taken seriously; his ...

Legislators often grumbled about being squeezed by the governor, but felt compelled … to go along. Now, their annoyance is ...