The unusual early preview of his final budget comes as Gov. Gavin Newsom begins to wind down his time at the state Capitol and considers a run for president in 2028.

California Democrats were aware of a roughly $2 billion budget accounting error for months, even though Gov. Gavin Newsom’s January spending plan already projected ...

California Governor Gavin Newsom unveiled a revised budget that shows no deficit for this year or next, as the state draws another boost from the technology and artificial-intelligence boom.

California tax revenue is soaring thanks to tech stocks. But Gov. Gavin Newsom is proposing more cuts, warning that the boom won’t last and Trump cuts will hit the state hard.

Gavin Newsom on Thursday proposed a revised budget without a deficit for his last year of office and the next, laying out a $350 billion spending plan that includes little new spending but also avoids major cuts.