New York City is facing a mammoth $12 billion budget deficit in the next two years, new City Comptroller Mark Levine warned ...

Assuming the T receives the same level of assistance it got from the legislature this past budget cycle, the T expects to ...

Gov. Gavin Newsom’s proposed budget “does not materially address” long-term concerns, a key analyst warned Sacramento ...

Will California Gov. Gavin Newsom raise taxes or cut spending to fix an $18 billion budget shortfall? Either could spell trouble for his legacy.

The troubled school district has already cut 80 jobs and is now considering using parent volunteers for school security.

California governors tend to leave hefty budget deficits behind when they depart, forcing their successors to raise taxes, borrow money or make big spending cuts to maintain solvency. It happened in ...

California's deficit is projected to reach nearly $18 billion next year, as spending is expected to offset, if not eclipse, strong tax revenues.

The Wallingford-Swarthmore School District is headed for a $2.6 million budget deficit, district officials said during a presentation on Tuesday night. At a meeting of the district’s finance committee ...

The Legislature’s financial analysts warn that the governor’s rosy revenue forecast and overspending leave the budget in ...

OAKLAND, Calif. - A new report states California will face an $18 billion budget deficit next year, the fourth year in a row the state's expenses have surpassed its revenues. The Legislative Analyst’s ...

California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, an amount significantly ...

Hopefully state leaders pay attention to these warnings for a change and get ahead of the problems before it’s too late.