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

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

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.” ...

Gov. Gavin Newsom introduced the upcoming state budget for the 2026-27 fiscal year.

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

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

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

Add Yahoo as a preferred source to see more of our stories on Google. Gov. Gavin Newsom gives his State of the State address at the State Capitol on Thursday, Jan. 8, 2026, in Sacramento, Calif.

This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom today. California will face a nearly $18 ...

California is projected to face a $18 billion deficit next year, setting up a challenge for Gov. Gavin Newsom to safeguard some of the progressive policies that have defined his tenure as he considers ...

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

California faces a $2.9 billion budget deficit for the next fiscal year, one that’s drastically smaller than an $18 billion shortfall forecast last fall, according to Governor Gavin Newsom’s January ...