Gov. Gavin Newsom said two factors are largely to blame for a $12 billion budget shortfall facing California: expanding ...

California Gov. Gavin Newsom has unveiled a $322 billion budget proposal that aims to address a projected $12 billion deficit ...

Newsom said the shortfall was in part due to the Trump administration’s economic policies, a volatile stock market, and reduction in global tourism.

California Gov. Gavin Newsom released his revised state budget proposal for FY 2025–2026 on Wednesday. After having a roughly ...