California rainy day fund | CalMatters

California expects a surprising windfall even amid the pandemic, but the long-term prospects are more bleak. A scale shows a map of California on one side and money on the other. Illustration by Anne Wernikoff for CalMatters; iStock

Not dire, for now: California expects $26 billion windfall despite pandemic

by Laurel Rosenhall November 18, 2020November 19, 2020

Though the pandemic-induced recession hasn’t been as bad as expected, it is hitting the most vulnerable Californians hardest.

Gov. Gavin Newsom discusses his revised 2020-2021 state budget during a news conference in Sacramento on May 14, 2020. Photo by AP Rich Pedroncelli, AP Photo/Pool

Newsom moves to slash school, health spending — but asks feds for a rescue

by Laurel Rosenhall and Jackie Botts May 14, 2020May 21, 2020

A sign reminding patrons to tip their bartenders at Beeryland in Oakland on the last night the bar will be open until April 7 following an order to shelter in place intended to curb the spread of the novel coronavirus

A pandemic-induced recession

by Emily Hoeven March 23, 2020March 22, 2020

A sign on the Parkway Lounge in Oakland announces indefinite closure. Photo by Anne Wernikoff for CalMatters

With coronavirus, California’s economy is in uncharted territory

by Ben Christopher March 22, 2020March 23, 2020