Economics ❯Public Finance

Budget Deficits

Government Spending Taxation Fiscal Policy Revenue Sources Spending Cuts City Budgets Tax Policy Economic Forecasting Federal Budget Revenue Generation

California Finalizes $321 Billion Budget to Address $12 Billion Deficit

Freezing new Medi-Cal enrollment for undocumented adults takes effect as the budget taps reserves plus interfund loans to close the $12 billion gap.

San Francisco Halts Residential Traffic Calming Program

San Francisco Supervisors Weigh Lurie Budget Cuts After City Hall Rally

SFMTA Trims Five Muni Routes in Push for $7.2 Million Savings

Pritzker Signs $55 Billion Fiscal 2026 Budget, Leaves Transit Funding Gap

San Diego Council Approves $6.09 Billion Fiscal 2026 Budget Despite $258 Million Deficit

San Francisco Board Weighs Lurie’s $15.9B Budget Proposal as Unions and Advocates Protest

VTA Workers Ratify Four-Year Contract with 14.5% Wage Increases

Lurie’s $15.9B Budget Slashes 1,400 Positions to Bridge $782M Deficit

Illinois Lawmakers Rush to Finalize Transit Funding Package with Toll Hike, Rideshare Tax

Illinois Lawmakers Focus on Closing $770M Gap for Chicago Transit

Barbara Lee Takes Office as Oakland’s First Black Woman Mayor, Launches 100-Day Plan

Moody’s Downgrade of U.S. Credit Rating Triggers Market Turmoil

San Diego Mayor’s Final FY2026 Budget Sparks Council Debate Over Service Cuts

Illinois Lawmakers Push Toward May 31 Deadline to Avert $771M Transit Crisis

Chicago Public Schools Opens Bidding on 21 Vacant Properties

Alberta Government Defends $280K Rug Replacement Amid Criticism Over Spending Priorities

Germany Requests EU Exception for €500 Billion Investment Plan and Unlimited Defense Borrowing

Chicago Mayor Presses Springfield Leaders for Budget Support as Deadline Looms

Mayor Bass Proposes Budget Cuts with 1,650 Layoffs to Address $1 Billion Deficit