In this episode of Budget Basics, we break down one of the most important, but least understood, budget terms: Primary Deficit. What does it really say about a government's finances?

California's budgets have been susceptible to the ways wealthy taxpayers derive their income, particularly during periods of ...

Minnesota will see a higher-than-expected surplus for this current budget cycle, but a deficit looms in the future due to spending outpacing revenues, budget officials said Thursday. Minnesota ...

Minnesota lawmakers will return to the Capitol in February with a near-term surplus of nearly $2.5 billion, but the latest economic forecast released Thursday sparked more debate about who’s to blame ...

The Legislative Analyst’s Office, a nonpartisan government agency, released a critical response Monday to the governor’s budget plans. Newsom’s initial plan calls for $348.9 billion in state spending ...

Add Yahoo as a preferred source to see more of our stories on Google. California Gov. Gavin Newsom, shown delivering his State of the State address in Sacramento on Thursday, projects that the deficit ...

THE BUDGET THAT I’M PROPOSING HAS NO TAX AND NO FEE INCREASES. SOME BIG PROMISES DESPITE A LOOMING MASSIVE DEFICIT, LAWMAKERS IN ANNAPOLIS BEGIN THE 2026 SESSION WITH A LONG LIST OF PRIORITIES AND ONE ...

Union Budget 2026: As the budget approaches on Sunday, 1st February, know how the fiscal deficit shapes government spending.

Anita Chabria and David Lauter bring insights into legislation, politics and policy from California and beyond. In your inbox three times per week. SACRAMENTO — It’s almost like slapstick comedy — the ...

A second Lake County school district has found itself in a multi-million dollar budget crisis this year, with Wauconda Community Unit School District 118 attempting to cover a $4.2 million deficit ...

Jefferson County Public Schools Superintendent Brian Yearwood has proposed $142 million in budget cuts. Even with the proposed cuts, the district is projected to have a budget deficit of nearly $40 ...