Gov. Gavin Newsom’s proposed budget “does not materially address” long-term concerns, a key analyst warned Sacramento ...

California faces a $12 billion deficit after wildfires and increased Medi-Cal costs. Governor Newsom's budget relies on borrowing and cuts.

Having been burned badly by his phantom surplus in 2022, Newsom is obviously aware that a repeat would be politically ...

The Rules Committee must suggest rule changes to help meet the target, including making budget rules more difficult to waive ...

Another challenge is that fraud is not easy to root out entirely. Historically, "only a small percentage of tax dollars lost to fraud are ever actually recovered by the government," said Bob ...

Hopefully state leaders pay attention to these warnings for a change and get ahead of the problems before it’s too late.

What’s the bigger generational burden: small amounts of annual borrowing to pay for small governmental overages in a nation full of 20 percent taxed middle earners (governments can't borrow ...

After a string of substantial budget surpluses, New Hampshire state government found itself in deficit at the end of the 2025 ...

This figure, while still denoting a deficit, is a slight improvement compared to the previous month’s deficit of -$173.0B.