Gavin Newsom

The stop-and-go 2020 legislative session left some lawmakers feeling there is unfinished business in Sacramento.

Lawmakers have until June 15 to adopt a budget. Democratic leaders in the legislature have not embraced Gov. Gavin Newsom's proposed cuts.

California may need to use interfund borrowing to get its budget into balance, Gavin Newsom said.

The state government, which was looking at multibillion-dollar surpluses before the coronavirus struck, is now facing a $54.3 billion of red ink.

May is when budget talks usually get serious in California, which has a budget highly dependent on income and capital gains taxes.

The deal to buy 200 million masks a month will help California's medical workers while pressuring its state budget.

The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.

Slightly more than half of likely California voters support Proposition 13, according to a poll conducted by the Public Policy Institute of California.

Scott Wiener plans to introduce a bill later this week outlining a plan to take over the bankrupt investor-owned utility.

Gavin Newsom's filing urges the judge overseeing the utility's Chapter 11 not to approve bankruptcy exit financing commitments.

Gavin Newsom's budget arrived in the same week BlackRock's CEO advised that climate change is reshaping the financial system.

Gavin Newsom's proposed budget would support a $4.7 billion climate bond, create the state's own generic drug plan and add undocumented seniors to Medi-Cal.

The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.

Gavin Newsom vetoed legislation that would have created a commission to study adopting a machine-readable format for the state's financial documents.

The general obligation bond measure would allocate $9 billion to K-12 schools and $6 billion to the state's universities and community colleges.

Bankrupt investor-owned utility PG&E was a factor in many of the bills approved to deal with the state's wildfire risk.

Gov. Gavin Newsom signed the bill to establish the wildfire fund, to be seeded with new bonds backed by an old utility ratepayer surcharge.

Lawmakers have to wait another week for the governor's five-year infrastructure plan.

Legislation to put bond measures and the 2020 and 2022 ballots has cleared two Assembly committees.

California has issued $3.3 billion of general obligation bonds for the high-speed rail project out of $9.9 billion authorized by voters.