Four tech companies just saved California from a budget crisis
Bay Area tech giants’ historic stock market run this year has one colossal beneficiary: California’s government. The Legislative Analyst’s Office, a nonpartisan adviser for the state Legislature, published a “Fiscal Outlook” for the 2025-2026 state budget on Wednesday.
California looking at $2bil budget deficit next year
After clearing up a $47 billion budget deficit earlier this year, California may not be out of trouble just yet.
California's budget situation set to improve in 2025
After a 3-2 start to the season, the Dallas Cowboys lost their fifth straight game on Monday night, falling 34-10 to the Houston Texans at home. Dallas is 0-5 at home, with opponents averaging over 37 points per game. The Cowboys' former defensive coordinator, Dan Quinn,…
California's budget forecasted to be relatively balanced, but no room for extra spending
“California is the highest-tax state in the country, yet we are still facing multi-billion-dollar deficits well into the future. Democrats got us into this mess and I have no confidence in their ability to fix things without inflicting real pain on Californians.”
Early look shows California’s budget ‘roughly balanced’ in 2025
California likely will not see a big deficit next year, but also won’t have room for much new spending, the state Legislature’s fiscal analyst predicted. That could be bad news for those who want the state to lead the resistance to Donald Trump’s second term as president.
Santa Rosa Press Democrat3d
California’s budget is ‘roughly balanced,’ but deficits could grow under Trump
The nonpartisan Legislative Analyst’s Office projects a $2 billion shortfall for 2025-26, but says the state can’t afford big ...
Walters: $165 billion revenue error continues to haunt California’s budget
The nonpartisan Legislative Analyst warns government spending could expand California's small budget deficit over the next ...
California doesn’t have the financial capacity for Trump resistance lawsuits
Amid the dismal fiscal outlook, Newsom visited Washington earlier this month to lobby Biden for funds as he seeks to target ...
Tech-Driven Stock Market Rally Helps Steady California Budget
The rally in technology stocks has created so much wealth in California that it has helped the state fill its coffers.
Will California food prices, up 27%, ruin the holiday spirit?
California costs for all goods and services rose 2.5% in the past year, as tracked by my CPI math. Again, the latest jump is ...
Can California afford to fight the Trump Administration?
Back during Trump’s first presidency, California sued him – on average – once every 12 days. How aggressively can the state ...
Los Angeles Daily News3d
$165 billion revenue error continues to haunt California’s budget
History will — or at least should — see a $165 billion error in revenue estimates as one of California’s most boneheaded ...
East Bay Times1d
Walters: A $165 billion revenue error still haunts California’s budget
“We need to show restraint with this year’s budget, because California must be prepared for any challenges, including ones from Washington,” Rivas said. “It’s not a moment for expanding programs, ...
California looking at $2 billion deficit after lawmakers, Newsom slashed spending
Proactive budgeting and increased tax revenue will set California lawmakers and Gov. Gavin up for an easier budget in 2025.