Gov. Gavin Newsom announced his budget plan Wednesday, in which he revealed that California is in a $12 billion deficit.

Q1 2025 Earnings Conference Call May 15, 2025 4:30 PM ETCompany ParticipantsBrian Schaffner - Chief Executive Officer ...

The $232-billion budget delivers on a promise the premier made during his reelection campaign in February to spend big on tariff relief programs. It also presents a starkly different picture of ...