California Gov. Gavin Newsom discusses his revised 2024-25 state budget during a news conference in Sacramento, Calif., Friday, May 10, 2024. (AP Photo/Rich Pedroncelli, File) SACRAMENTO, Calif. (CN) ...
California lawmakers and Gov. Gavin Newsom will soon need to address the state’s $18 billion deficit before the next fiscal year begins in July. The amount, $5 billion higher than an earlier estimate ...
The California Legislature’s top budget adviser reflected Tuesday on his office’s recent sobering forecast, calling the fiscal outlook “daunting.” Gabriel Petek, California’s Legislative Analyst, ...