CA Budget Still in The Red, Another Big Deficit Projected for Next Year

Since June, the state has witnessed stronger-than-expected tax revenues, raking in $6 billion more than projected between ...

Opinion: California tax revenue growing from AI boomlet, but will it last?

Recent tax revenue gains may be just a spike driven by an artificial intelligence boom in Silicon Valley that’s likely to ...

Calmatters: California Is Still In The Red With Another Big Budget Deficit Projected For Next Year

The last time California faced a $35 billion money problem was in 2011, when then-Gov. Jerry Brown declared a "wall of debt" ...

As 988 calls rise across California, the state will collect less to support it

Earlier this year, Gov. Gavin Newsom gave 988 crisis centers $17.5 million in one-time funds to address call capacity. The ...
Opinion

Walters: California sees revenue uptick but not enough to erase chronic deficit

The booming AI market is not stable, warns the state’s Legislative Analyst, urging lawmakers to pare income projections.
LAist on MSN

California faces another big budget deficit next year despite increased revenue

California’s independent legislative analyst warns the state faces a nearly $18 billion deficit. It is “critical” for ...

California faces almost $18B budget gap as spending outpaces revenue

CALIFORNIA, USA — California is bracing for a nearly $18 billion budget deficit next year, according to a new projection from the Legislative Analyst’s Office. The estimate is about $5 billion larger ...
NEWS10 ABC on MSN

New York’s mid-year budget forecast disputed

New York state budget officials predict a $26.8 billion budget deficit over the next four years, while the Fiscal Policy ...
The Daily Overview on MSNOpinion

California's $18B gap puts Newsom's national hopes at risk

California's projected 18 billion dollar budget gap has turned a once comfortable surplus story into a stress test for ...