Oakland, California, had its credit rating cut two levels by Fitch Ratings, which cited the challenge of plugging budget gaps ...

History will — or at least should — see a $165 billion error in revenue estimates as one of California’s most boneheaded ...

Several state employee contracts expire in 2025, which means negotiations over compensation and benefits will begin in the ...

California, once celebrated as a hub of education excellence, innovation and progressivism, is now at the epicenter of a ...

The legislative analyst projects a $2 billion California budget deficit for 2025-26, but says the state can’t afford big new ...

Nvidia, Apple, Google and Meta deliver billions of dollars in taxes to California. The state is grateful for this year's wild ...

Legislature’s budget analyst paints grim picture as spending continues to outpace revenues, creating operating deficits.

The state's legislative analyst warns that big deficits could return with Donald Trump back in the White House The post ...

The rally in technology stocks has created so much wealth in California that it has helped the state fill its coffers.

After clearing up a $47 billion budget deficit earlier this year, California may not be out of trouble just yet.

While the analyst called the anticipated budget 'in fair condition,' he expects large deficits in the following fiscal years.