Budget & Finance

Latest Stories

  • December revenue surged $4 billion above estimates

    (Calif.) After more than a year of waiting, the Trump bump may finally be reaching the coffers of state government as December receipts of both personal income taxes and those paid by corporations came in nearly $4 billion above expectations, according to preliminary review from the nonpartisan Legislative Analyst.

  • Nation’s largest K-12 endowment growing still

    (Texas) A century-old public endowment for schools grew by more than $4 billion last year, reaching a record value of $41.5 billion.

  • Good news revenue outlook for 2018-19

    (Calif.) After more than a year of delay, Wall Street profit taking from the so-called Trump-bump will start to trickle into state coffers toward the end of this year and over much of fiscal year 2017-18, according to a report released Wednesday from the nonpartisan Legislative Analyst.

  • Labor tensions add to district fiscal woes

    UPDATED with correction. (Calif.) If it seems that labor strife in the Golden State is running higher than normal, it is.

  • October revenues almost flat

    (Calif.) October revenues closed just under expectations, now the second month in a row where tax income was flat, adding to the bafflement among experts about when Wall Street profits will swear state coffers.