California Budget Deficit

A poll shows that 80 percent of Republicans see economic troubles ahead, but only 45 percent of Democrats are worried.

The new estimate comes after revenue collections in December and January fell short of projections by $24 billion.

Siyamak sits down with Gabriel Petek, California's legislative analyst. He shares with us why California is facing such ...

Lawmakers said if financial experts are having a hard time understanding the governor's proposal to close the multi-billion ...

The deficit is an accumulation of the district’s overspending and reliance on one-time federal and pandemic funds, Superintendent ...

The exodus of high-income earners also has an impact on the declining state tax revenue, Legislative Analyst Gabriel ...

Counties rely on state funding for about one-third of their revenue, according to research and analysis nonprofit California Budget ...

Planned buybacks of accrued vacation and leave time for state workers are also canceled, except for corrections employees.

Citing a 'severe revenue decline' in the state, analysts anticipate the deficit to accumulate to more than $155 ...

The decrease in tax collections is second only to the nearly 29 percent drop in 2002 following the ...

With a previously estimated $31 billion deficit, now California's spending plan for the upcoming year is affordable, according ...

As Southern California’s “summer of strikes” continues, thousands of entertainment and hotel workers have gone without pay for ...

California voters say the economy is the most important issue facing the state and 28 percent of them ...

California Gov. Gavin Newsom announced proposed revisions to the state’s 2023–24 fiscal budget on May 12 during a ...

As revenues continue to fall, California may face a $7 billion larger budget deficit than the governor forecasted ...

Gov. Gavin Newsom announced on Jan. 10 a $297 billion budget proposal, with substantial cuts and delayed spending ...