With pandemic-era aid gone and long-term structural challenges looming, 2026 budget debates will test lawmakers’ ability to balance short-term gaps and future risk.

A key driver of this renewed fiscal stress has been lagging revenue growth relative to nominal GDP growth, compounded by the incurring of expenditures such as discretionary unconditional cash ...

It seems like just yesterday that Gov. Gavin Newsom and state legislators enacted a state budget that papered over a $20 billion gap between income and outgo while blaming President Donald Trump for ...

The Commission noted that despite a significant increase in devolution of funds from the Centre, several states continue to report sharp rise in revenue deficits, driven by higher committed ...