The current state budget is already billions of dollars in the hole. When Gov. Gavin Newsom reveals his revised proposal in a month, it's not likely to be a pretty picture.

Palmer said the Department of Finance will finalize its economic forecast by the end of the month as the governor develops a revised budget proposal for May.

It’s good advice and is similar in tone to the cautions Newsom and legislators have received from their budget advisors — and often ignored. CalMatters is a public interest journalism venture committed to explaining how California's state Capitol works ...

Kitson called for closing the “water’s edge loophole,” which enables corporations the option to avoid about $3 billion in state taxes by shifting profits overseas. Instead of the 8.84% flat corporate tax paid by most companies, she wants a graduated tax similar to the income tax. If she got her way, many businesses will just leave.

Californians will feel the effects of the Trump administration's tariffs, which are set to start on Saturday. A 10% tariff on imports from U.S. trading partners begins Saturday, while additional duties on about 60 countries will start April 9.

Health care for undocumented people was expected to cost $6.4 billion during this budget cycle ... director of communications for Health Access California, a nonprofit that helped expand Medi ...

Rather than an alternative to flying, California has spent billions on lines that can’t reach their destination.

Cortese’s bill targets school districts that primarily rely on state funds and typically receive less funding than districts in areas with higher property taxes, called “basic aid districts.