The spending plan reflects resistance to making sweeping cuts to reduce a $12-billion budget deficit expected in the year ...

The state has adopted the same hide-the-pea approach to budgeting that the federal government employs, one that has resulted in trillions of debt.

Gov. Gavin Newsom and the State Legislature reached a final state budget agreement June 24 that will not reduce UC funding ...

Were a private corporation to cook its books like the state government does, its executives could wind up in jail for fraud.

The state's fiscal year begins July 1. As California faces a shortfall in the billions, here's a look at what the budget ...

California leaders reached a tentative agreement Tuesday on the state budget, which hinges on Gov. Gavin Newsom's demand that the Legislature pass a housing reform proposal. The eleventh-hour ...

If approved by California lawmakers, government spending will exceed revenues by $21 billion in 2025-26 fiscal year.

Gov. Gavin Newsom is reportedly preparing to sign a state budget shaped by the shadow of a multi-billion-dollar deficit.

Gov. Gavin Newsom is reportedly preparing to sign a state budget shaped by the shadow of a multi-billion-dollar deficit.