California projected to face $18B deficit as Newsom heads into his last year as governor
California will face a projected $18 billion deficit next year, according to a report by the nonpartisan Legislative Analyst's Office.
Watch CBS News
California will face a projected $18 billion deficit next year, according to a report by the nonpartisan Legislative Analyst's Office.
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
California officially eliminated a 25% tax increase on the legal cannabis industry on Monday, with Gov. Gavin Newsom's signature on Assembly Bill 564.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
California lawmakers on Monday unanimously approved a bill that would pause an impending 25% tax increase on the state's legal cannabis industry, as it struggles to compete with the black market.
A business owner in Solano County is facing multiple federal charges for allegedly not paying more than $2 million in trust fund taxes, instead spending the money on luxury items, including an expensive sports car, prosecutors said.
The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
Two executives of a San Francisco Bay Area company face federal prison after pleading guilty to not paying millions of dollars in employment taxes to the IRS, spending the money on themselves, prosecutors said.
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
The IRS has agreed to share immigrants' tax data with ICE for to help authorities identify and deport undocumented immigrants.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
IRS' top lawyer replaced amid DOGE's alleged push to share taxpayer info with other federal agencies.
As the Trump administration's 10% tax on Chinese goods goes into effect, a bike shop owner in the East Bay is trying to adjust to the price increases. Katie Nielsen reports.
With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.
The new tax season is here. Read on to learn when you can file your 2024 tax return and get your refund.
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
Owners of vacation homes in Northern California's South Lake Tahoe could face a significant tax increase if voters in the mountain resort town approve a measure on Tuesday's ballot that pits affordable housing against private property rights.
The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.
The IRS adjusts its tax brackets and other provisions each year for inflation. Here's what experts say to expect in 2025.
Donald Trump is proposing to reverse a key element of his signature 2017 tax law that affected millions of homeowners. Here's what to know.
Ruling comes on same day EU court enforces whopping $2.7 billion penalty against Apple in long-running antitrust case.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
Former President Donald Trump's pledge to cut taxes that seniors pay on their Social Security income would ultimately hurt the program, experts say.
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
After two days of striking, United Teachers of Richmond were back at the bargaining table with the West Contra Costa School District.
San Francisco could soon see a new tax targeting the city's largest corporations, as a coalition of labor unions launched a signature-gathering drive to qualify the so-called Overpaid CEO Act for next year's June primary.
Pat Spencer scored a career-high 19 points in his first NBA start, leading the Golden State Warriors to a 99-94 victory over the Cleveland Cavaliers on Saturday night.
With the South Bay community still reeling from the brazen shooting at Valley Fair Mall last week, the city of San Jose sponsored a gun buyback event Saturday morning.
A suspect in an armed robbery at a Fairfield mini mart was arrested after leading police on a pursuit in a stolen vehicle into Napa County on Saturday, authorities said.
After two days of striking, United Teachers of Richmond were back at the bargaining table with the West Contra Costa School District.
San Francisco could soon see a new tax targeting the city's largest corporations, as a coalition of labor unions launched a signature-gathering drive to qualify the so-called Overpaid CEO Act for next year's June primary.
Pat Spencer scored a career-high 19 points in his first NBA start, leading the Golden State Warriors to a 99-94 victory over the Cleveland Cavaliers on Saturday night.
With the South Bay community still reeling from the brazen shooting at Valley Fair Mall last week, the city of San Jose sponsored a gun buyback event Saturday morning.
A suspect in an armed robbery at a Fairfield mini mart was arrested after leading police on a pursuit in a stolen vehicle into Napa County on Saturday, authorities said.
Brixton was at Union Square to share his final goodbyes after his owner and handler, Linda Gordon, learned he had been diagnosed with an aggressive cancer.
A housing controversy is brewing in San Francisco's Marina District, and even some pro-housing advocates are speaking out against a new development proposal.
A man convicted in the 2020 killing of a 19-year-old in San Francisco's Portola neighborhood will likely spend the rest of his life behind bars, prosecutors said.
San Francisco's newly appointed police chief, Derrick Lew, is taking office with an ambitious promise: "I truly believe we're entering a golden era in San Francisco."
A social worker who was stabbed Thursday inside Zuckerberg San Francisco General Hospital has died, officials said.
After two days of striking, United Teachers of Richmond were back at the bargaining table with the West Contra Costa School District.
Hundreds gathered Friday night in Oakland for a tribute to coach John Beam and to celebrate his life. It was the first organized memorial for the coach since he was fatally shot on Nov. 13.
Philanthropist Mackenzie Scott donated $50 million to Cal State East Bay, and the community is thrilled and grateful for the opportunities this funding will bring.
Just a year after Alameda County District Attorney Pamela Price was recalled by nearly 63% of the voters, she's running again to get her job back.
The zoo has written a glowing love letter to the city of Oakland, in its new exhibit: The Future of Oakland.
With the South Bay community still reeling from the brazen shooting at Valley Fair Mall last week, the city of San Jose sponsored a gun buyback event Saturday morning.
FIFA announced the match-ups and times for the six World Cup 2026 games that will be played at Levi's Stadium.
The mother of a newborn baby who was found dead in Monterey County in 1994 has pleaded guilty to her son's death, prosecutors said.
Officials in Monterey County have issued a warning to people foraging for wild mushrooms amid a rise in poisonings.
Kiara Manion opened Bloom with her husband during the COVID-19 pandemic, building a following around breakfast classics such as chicken and waffles. The restaurant has also become a go-to gathering place on San Francisco 49ers game days.
Two people suspected of stealing nearly $100,000 in items from a construction site in Napa County were arrested following dual pursuits early Thursday, police said.
One of two people charged in the Santa Rosa killing of Mark Calgani, the general manger of San Francisco's Condor Club, has pleaded no contest in the case.
A California animal rights activist who took four chickens from a Perdue Farms poultry plant in Sonoma County was sentenced on Wednesday to 90 days in jail following her conviction in October.
Cal Fire said, around 3 p.m., crews were called to Bean Hollow State Beach near Pescadero for a report of a person in the water.
Marin County has passed some new regulations to prevent wildfires that will take effect on Jan. 1.
Pat Spencer scored a career-high 19 points in his first NBA start, leading the Golden State Warriors to a 99-94 victory over the Cleveland Cavaliers on Saturday night.
FIFA announced the match-ups and times for the six World Cup 2026 games that will be played at Levi's Stadium.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
California has hired Tosh Lupoi as the new head coach, bringing back the former Golden Bears player and assistant.
Rookie VJ Edgecombe and Tyrese Maxey each made huge plays in the final seconds as the Philadelphia 76ers beat the short-handed Golden State Warriors.
A suspect in an armed robbery at a Fairfield mini mart was arrested after leading police on a pursuit in a stolen vehicle into Napa County on Saturday, authorities said.
Video shows Coast Guard vehicles pursuing a go-fast vessel that appeared to have multiple people aboard.
A man convicted in the 2020 killing of a 19-year-old in San Francisco's Portola neighborhood will likely spend the rest of his life behind bars, prosecutors said.
A teenager who fired a gun during an after-school skirmish at Fairfield High School in September was already awaiting sentencing in a separate gun assault case at the time and will serve six months in detention for both cases, police said.
Two people suspected of stealing nearly $100,000 in items from a construction site in Napa County were arrested following dual pursuits early Thursday, police said.
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
An alert sent to people across California warning about a strong earthquake striking Northern Nevada on Thursday morning was sent in error, officials said.
Bay Area technology giants were among the winners at the 76th Annual Technology and Engineering Emmy Awards in New York on Thursday.
Children and adolescents who own smartphones by age 12 have higher risks of depression, poor sleep and obesity, according to a new study.
AI is swiftly reshaping America's labor market, performing many technical and cognitive tasks across a range of industries, study says.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
Officials in Monterey County have issued a warning to people foraging for wild mushrooms amid a rise in poisonings.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
ByHeart said it can't rule out that all of its baby formula across all product lots could be contaminated, citing recent test results.
San Francisco could soon see a new tax targeting the city's largest corporations, as a coalition of labor unions launched a signature-gathering drive to qualify the so-called Overpaid CEO Act for next year's June primary.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
Just a year after Alameda County District Attorney Pamela Price was recalled by nearly 63% of the voters, she's running again to get her job back.
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
Advocacy group The Trevor Projected released data from the first year of a study following more than 1,600 LGBTQ+ youth across the country.
A former Yosemite employee says they've been fired by the National Park Service, three months after flying a transgender pride flag from El Capitan.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Families along Thompson Avenue, also known as Christmas Tree Lane, have decked out their porches and front lawns in time for the holidays.
Cirque du Soleil's return brings more than spectacle to San Francisco; it continues to fuel the local economy. Nightly performances draw thousands into the 2,500-seat Big Top near Oracle Park, boosting foot traffic and business in the Mission Bay neighborhood.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
with Zoe Mintz.
After two days of striking, United Teachers of Richmond were back at the bargaining table with the West Contra Costa School District.
San Francisco could soon see a new tax targeting the city’s largest corporations, as a coalition of labor unions launched a signature-gathering drive to qualify the so called “Overpaid CEO Act” for next year’s June primary.
Here's a look at the weather forecast Saturday evening.
With the South Bay community still reeling from the brazen shootings at Valley Fair Mall last week, the city of San Jose sponsored a gun buyback event Saturday morning.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.