California Department Of Finance

Projects that tackle vehicles, pollution in low-income communities, prescribed burns and even cows have lost 14% of their original budgets because of cap and trade shortfall.

Changing some legal language from 2000 could free up $81 million for the system, but it still needs to find over a billion dollars in solutions.

Are the Newsom administration’s dismal recession prognostications a reasonable outlier — or “preposterously negative” and a  “poker bluff” aimed at ratcheting up pressure for a financial assist from the feds?

Schools must prepare to do more with less as the fall term approaches. Gov. Gavin Newsom’s May budget proposal includes steep cuts to California school districts, many of whom were already spending beyond their means.