California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state.

California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state. About a third of California’s budget relies on funding from the federal government,

Newsom’s outcomes on both homelessness and gas prices point back to his ineffectiveness as a leader and his inability to solve problems.

Gavin Newsom has proposed a $322 billion budget without a deficit, a welcome change after two years of significant budget shortfalls in the nation's most populous state. But the budget Newsom announced Monday is mostly a placeholder as California waits to see if incoming President Donald Trump will follow through on threats to revoke billions in federal dollars,

SF Chronicle TURLOCK — California likely will not have a budget deficit next year, but incoming President Donald Trump’s agenda portends an uncertain road ahead for California’s budget, Gov. Gavin Newsom announced on Monday.

California Gov. Gavin Newsom (D) on Monday proposed a $322 billion budget that he said would be “balanced” and without deficits — marking a significant turnaround after two years of shortfalls. Newsom delivered a “top-line” version of the 2025-2026 budget proposal at a Monday press conference,

Unlike most states, California taxes capital gains — mostly money made from investments and stocks — the same rate as money made from wages and salaries.