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Taxes · CaliforniaSANTA BARBARA, Calif. (KEYT) - State leaders are bracing for a multibillion-dollar challenge as California faces an estimated $18 billion deficit heading into the 2026–27 fiscal year. Officials warn the gap could widen even further, with a long-term structural deficit of about $35 billion a year projected to begin in 2027–28. Lawmakers believe the pressure is on to rein in spending while protecting essential programs. When the Legislature reconv…See the Story
California Faces $18 Billion Budget Gap as Leaders Weigh Deep Cuts | News Channel 3-12
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