California lawmakers will face a challenging budget environment next year, marked by a projected $18 billion budget deficit, according to the state's Legislative Analyst's Office. The sobering news is ...

Add Yahoo as a preferred source to see more of our stories on Google. California Gov. Gavin Newsom, shown delivering his State of the State address in Sacramento on Thursday, projects that the deficit ...

California Gov. Gavin Newsom’s office said Friday that the state is projecting a $2.9 billion budget deficit this year, far less than the $18 billion legislative budget analysts projected two months ...

(The Center Square) – Amid concerns that there might be as large as an $18 billion budget deficit in the coming year, California lawmakers started writing the state’s budget with the help of finance ...

Venture capitalist Chamath Palihapitiya says a proposed California billionaire tax is already driving ultra-wealthy residents out of the state, a move he warns could worsen the budget deficit rather ...

SACRAMENTO - California faces an estimated $3 billion shortfall in the upcoming budget year, Gov. Gavin Newsom's office announced Friday. The estimate from the Newsom administration is much lower than ...

Add Yahoo as a preferred source to see more of our stories on Google. Assemblymember Jesse Gabriel, D-Encino, chair of the Assembly Budget Committee, and Assemblymember David Tangipa, R-Fresno, the ...