Newsom faces budget shortfall in final year as California governor …
2 days ago · SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, an amount significantly lower than what legislative …
Newsom Faces Another Multibillion-Dollar Budget Shortfall in His …
2 days ago · SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, an amount significantly lower than what legislative …
Big deficits loom for California. Will state raise revenue, cut ...
6 days ago · Politics Big deficits loom for California — will the state raise revenue, cut programs or both? by Yue Stella Yu • CalMatters Jan. 5, 2026, 9:20 a.m.
Newsom’s $349B California budget plan projects smaller deficit
2 days ago · California Gov. Gavin Newsom’s administration unveiled a proposed $349 billion spending plan for the upcoming fiscal year starting July 1, projecting a $2.9 billion deficit — far …
California - Debt Watch
A quick overview of California's borrowing activity updated on a daily basis. Click through the stat to see a visualization and fine tune to your specifications.
After A $100 Billion Surplus, California Now Faces A $73 Billion …
Mar 26, 2024 · Around the time of the 2007–8 financial crisis, California faced a budget deficit of about $40 billion, which led to state worker furloughs and layoffs, the use of state IOUs, and a …
California Government Revenue and Debt Study
In this study, we estimate revenues collected and debt incurred by California state and local government as of the end of the 2023-2024 fiscal year. We begin by presenting the totals we …
Report shows California leads in debt among all 50 states
Oct 24, 2025 · (The Center Square) - A new Reason Foundation report pegs California as the state with the nation's highest debt. The report found that the California state government …
New California budget papers over $20 billion deficit, ignores day …
Jul 17, 2025 · When Gov. Gavin Newsom and legislative leaders were drafting a more-or-less final 2025-26 state budget last month, they were closing what they described as a $12 billion …
Debt by State 2025 - Data Pandas
May 24, 2025 · California, as the largest economy within the United States, leads the pack with a state debt totaling $520 billion, followed by New York ($368 billion) and Texas ($324 billion). …