Legislative Analyst Gabe Petek says state spending grew by $100 billion or so a year since 2019, outstripping revenues and resulting in current and future deficits.
The federal Local Food Purchase Assistance cooperative agreement program pays for locally grown food for feeding programs, such as food banks. It's ending two years early.
Gov. Gavin Newsom has resisted tax increases despite years of deficit spending. How he balances this last budget could affect his presidential campaign.
Yes, CalPERS is still digging out from lawmakers' overpromises and past investment losses. But you can see a trend that could save taxpayers money over time in a new analysis from the pension fund.
California pension law limits post-retirement work for government employees, a measure meant to prevent "double dipping." The rules can be confusing and costly.
California progressives want to hike taxes on corporations and billionaires to absorb federal funding cuts to Medi-Cal. But backfilling the loss would not address the state’s existing — and growing — structural budget deficit, budget experts say.