California Budget
California’s budget is ‘roughly balanced,’ but deficits could grow under Trump
The nonpartisan Legislative Analyst’s Office projects a relatively small $2 billion shortfall for 2025-26, but says the state can’t afford new programs. Gov. Newsom has complained about attention on the office’s deficit estimates.
How will Trump change health care? California braces for fights over insurance and abortion
California laws governing health insurance, access to abortion and health care for undocumented immigrants could be contested during a second Trump administration.
Top execs get $1 million paydays at California public pension funds
California's two biggest public pension funds beat their earnings targets last year. That performance boosted pay incentives for executives and investment staff.