With pandemic-era aid gone and long-term structural challenges looming, 2026 budget debates will test lawmakers’ ability to balance short-term gaps and future risk.
A key driver of this renewed fiscal stress has been lagging revenue growth relative to nominal GDP growth, compounded by the ...
HARRISBURG — Even as the Legislature prepares to vote on a $28.2 billion budget that draws heavily on one-time dollars, Senate officials say a $1 billion deficit could pile up in the next 12 ...
It seems like just yesterday that Gov. Gavin Newsom and state legislators enacted a state budget that papered over a $20 billion gap between income and outgo while blaming President Donald Trump for ...
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