As the debt approaches record levels as a share of the economy, the United States government continues to run the highest ...
A revenue deficit occurs when a business' sales or government revenue isn't enough to cover its basic operations.
Opinion
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Legislature’s adviser tries budget tough love to get California politicians to close huge deficits
Legislative Analyst Gabe Petek says state spending grew by $100 billion or so a year since 2019, outstripping revenues and resulting in current and future deficits.
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How Newsom created California’s chronic deficits
An array of charts buried in the fine print of the state budget, unknown to all but a few fiscal nerds, details what California has collected in revenues and spent over the last half-century. The ...
District leaders are putting together the budget for next school year, which officials thought would feature a $529 million ...
We’ll see if Petek’s tough love advice finally gets Newsom and legislators to pull their heads out of the sand.
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