Budget
Legislative Analyst Details State’s Fiscal Outlook, Budget Problem
Growing personal income tax collections have been a “bright spot” in the state’s fiscal outlook in recent months, California Legislative Analyst Gabriel Petek told...
State Budget for 2025–26: What’s In, What’s Out
Gov. Gavin Newsom signed into law a series of bills to enact the state budget for the fiscal year beginning July 1, a $321...
Cost-Effective Climate Plan in Governor’s Budget
Last week as part of his revised budget plan, Governor Gavin Newsom proposed extending California’s cap-and-trade climate change program without any structural changes.
The California...
Project to Improve California Water Supply Part of Budget Plan
Governor Gavin Newsom’s revised budget plan, introduced last week, included a package to streamline a project central to securing California’s water future.
The Governor unveiled...
Governor Releases Revised Budget Plan for 2025–26
This week, Governor Gavin Newsom released his May revision plan for the 2025–26 state budget, including adjustments for a new shortfall estimated at $12...
Governor’s Budget Proposal: $322 Billion with No Deficit
Last week, Governor Gavin Newsom presented a balanced $322.3 billion budget without a deficit.
His fiscal plan provides for $228.9 billion in general fund spending...
Legislative Analyst Forecasts Multiyear State Budget Deficits
The new year will bring in big changes to California politics and governance.
Some 35 new legislators will start work in the State Capitol. A...
Analysis: May Budget Revision Released
Governor Newsom announced his strategy to address an estimated $27.6 billion deficit for the upcoming budget year, and a $28.4 billion projected deficit for...
California Finance Director Projects Slow Economic Growth; No New General Tax Increases Planned to Cover Budget Shortfall
California is expected to see slow but steady revenue growth in the 2024–2025 fiscal year, requiring state leaders to cover a $37.8 billion budget...
State Budget Deficits Tagged at $68 Billion; Revenue Estimate May Worsen Next Year
California’s famously volatile tax machine has delivered another dose of unpredictability.
