Economy

California was nearly $2 billion over forecast in corporate tax receipts this summer, including by $844 million in July. A tax change meant to help the budget deficit helped drive the surge.

A judge tosses San Bernardino County's approval of a warehouse complex and Gov. Gavin Newsom reins in warehouse development with a new law.

The Assembly approves Gov. Newsom’s bill on oil refineries on a 44-17 vote. But the state Senate will have its say when it convenes next week.

The legislation would have required tech companies to test AI for harm to society. It attracted opposition from numerous members of Congress and major AI companies including Google, Meta, and OpenAI.

The governor wants new gas reserves to dampen seasonal price spikes. Refiners say the move would raise prices and require new storage tanks.

A bill awaiting Gov. Gavin Newsom’s signature may make it harder for consumers to get refunds for defective cars under the state's lemon law. The Legislature hastily passed the complicated bill, which auto manufacturers and attorneys drafted in secret. Did lawmakers even have time to read it?

Jessica Alvarez Castañeda was sick of low-paying jobs. For years, the 39-year-old mother of four had been “breaking her back for almost nothing” as a cashier, nursing assistant, babysitter, house cleaner and cook. She was familiar with the skilled trades, which include careers such as carpentry, roofing and painting, because her three brothers worked as […]

California taxpayers fund career education at high schools, adult schools, community colleges, regional occupational programs and for-profit trade schools. Critics say it reflects “an incredible lack of coordination.” The governor says he’s producing a “master plan” to remedy that.

At a CalMatters event, California’s insurance commissioner says the changes he’s making will help homeowners and business owners. One idea: A state grant for those who spend money to protect their property from wildfires.

California is the seventh U.S. state to adopt mobile driver’s licenses for iPhones, part of a growing push by businesses and governments to make digital IDs commonplace.