Supplemental budget proposals include increasing spending by about $1.5 billion and withdrawing up to $880 million from the state’s rainy-day fund.

This story was originally published by CalMatters. Sign up for their newsletters. The state budget’s chronic gaps between income and outgo — $125 billion over the last few years, according to the ...

In its initial assessment of the governor’s 2026-27 state budget this week, the Legislative Analyst’s Office chided Gov. Gavin Newsom for ignoring a likely stock market decline that could implode ...

In its initial assessment of the governor’s 2026-27 state budget last week, the Legislative Analyst’s Office chided Gov. Gavin Newsom for ignoring a likely stock market decline that could implode ...

State senators are racing against the clock this legislative session to address the state’s budget deficit. This is the second year the state has experienced a budget deficit, but senators say they ...

California’s $11-billion revenue gain from AI stocks isn’t enough to prevent an $18-billion deficit next year, as rising spending requirements eat into gains. California’s budget is heavily dependent ...

The state budget’s chronic gaps between income and outgo — $125 billion over the last few years, according to the Legislature’s fiscal advisor — have left Gov. Gavin Newsom and legislators scrambling ...