California’s non-partisan legislative analyst says the revenue projections in Governor Jerry Brown’s latest budget proposal are too pessimistic – by more than three billion dollars. That’s already prompting some calls to increase spending.

The Maloof family has agreed to sell its majority shares of the Sacramento Kings. The agreement also means the new owners and the City of Sacramento will continue with their plans to build a downtown arena.

New figures out today show unemployment in the Sacramento area fell by 2% in the past year.

There’s good news and bad news on the California jobs front. The state’s unemployment rate dropped quite a bit – but the job gain was much smaller than in recent months.

Mayor Kevin Johnson announced Friday morning that a deal to sell the Kings has been reached between the Maloof family and a group of local investors. We pulled together social media coverage and reaction. Refresh your browser for the latest updates.