California Gov. Jerry Brown has signed into law a bill that allows the state to keep 100% of taxes on premiums generated by surplus lines insurers domiciled in California. That move largely follows ...

California’s state budget can be volatile, as evidenced by the dramatic fluctuations between 2022’s $100 billion surplus and the $47 billion deficit state leaders plugged earlier this year. Democrats ...

Two years ago, California was so flush that Gov. Gavin Newsom was moved to make a bold declaration about the state’s estimated $100 billion budget surplus. “Simply without precedent,” the Democratic ...