Newsom and legislators implicitly assume that at some point revenues will increase enough to cover their spending and pay off ...

California’s budget deficit has soared to nearly $32 billion, Gov. Gavin Newsom said Friday as he announced a plan that would cover the shortfall this year while potentially leaving the state ...

California Gov. Gavin Newsom signed on Friday a budget that pares back a number of progressive priorities, including a landmark health care expansion for low-income adult immigrants without legal ...

The state has adopted the same hide-the-pea approach to budgeting that the federal government employs, one that has resulted in trillions of debt.

The deficit is part of Newsom’s overall proposal for a $306 billion budget, by far the largest state budget in the nation. California is one of the only states to have a shortfall this year.

Just days into his second term, Gov. Gavin Newsom announced Tuesday that California faces a projected budget deficit of $22.5 billion for the coming fiscal year.

On Wednesday, Gov. Gavin Newsom introduced a 2024-25 budget that assumes a $37.9 billion deficit, while chiding news media for repeating analyst Gabe Petek’s projection, saying they are ...

By TRÂN NGUYỄN. California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation’s most ...

California faces an additional $12-billion budget deficit, Newsom says . May 14, 2025. Newsom claims Trump’s tariffs will reduce California revenues by $16 billion . May 13, 2025.

Gov. Gavin Newsom and his fellow Democrats in the Legislature spent their way into a massive state budget deficit by assuming that a one-time surge in revenues would become a permanent cornucopia ...

The deficit is part of Newsom's overall proposal for a $306 billion budget, by far the largest state budget in the nation. California is one of the only states to have a shortfall this year.