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California has dueling budget deficits. Here's what that means and what lawmakers could cut

The Legislative Analyst’s Office identified around $15 billion in cuts that could be made to make up for the state’s shortfall.

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What's California's budget gap & where will spending be cut?

What's California's budget gap & where will spending be cut?
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Gavin Newsom goes on defense over California Democrat's wealth tax. Why it's a political move

“If he were to support tax increases and run for president in 2028, that would be a leading Republican attack point,” one political expert said.

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California Democrat pushes wealth tax as $68 billion deficit looms. Why it's getting attention

The lawmaker suggests leaders should add a net worth tax to the mix of possible solutions to fix the large spending shortfall.

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California Democrat pushes wealth tax as $68 billion deficit looms. Why it's getting attention

The lawmaker suggests leaders should add a net worth tax to the mix of possible solutions to fix the large spending shortfall.

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