Tag: california_competes_tax_credit

Newsom Touts $7.7 Billion Revenue Surplus and Zero Projected Deficit as California Economy Tops $4.5 Trillion

10 Nov 2026 2:06 p.m. · Source: California Governors Office

Governor Gavin Newsom says California's top three revenue sources came in $7.7 billion above forecast since April, with no projected deficit for two years and a $4.5 trillion economy.

Politics and Government Business Science & Technology State Governments Economy Employment and Labor Trade Education Gavin Newsom California economy Proposition 2 state budget deficit venture capital job growth California Competes Tax Credit California Governors Office