State Finance Director: California Must Spend Cautiously, Fill Rainy Day Fund
California’s budget is experiencing a surplus, but massive uncertainties loom and fiscal prudence must be maintained, California Finance Director Michael Cohen explained yesterday during...
Governor Calls for Fiscal Prudence with 2018–19 Budget Plan
Governor Edmund G. Brown Jr. yesterday proposed the final budget of his gubernatorial career proposing to spend a record $190 billion, without raising taxes...
Economic Advisory Council: Worker Shortage, Chronic Lack of Housing Constrain Potential for California Growth
For most of the post-recession era, the California economy has been among the fastest growing of the 50 states, both in terms of job...
12 CalChamber Members Creating Jobs with Help from Tax Credit
Twelve California Chamber of Commerce member companies have been selected by the Governor’s Office of Business and Economic Development (GO-Biz) as recipients of the...
Former CalChamber Board Chair Assumes Role as U.S. Comptroller of the Currency
Joseph M. Otting, 2015 chair of the California Chamber of Commerce Board of Directors, is scheduled to be sworn in as U.S. Comptroller of...
Senate Panel Approves Republican Tax Plan
Hours after the House Republicans passed a tax bill Thursday, the Senate Finance Committee approved their tax bill, pushing it closer to a full...
GOP Lawmakers Release U.S. Tax Code Revamp
Republicans in the U.S. House of Representatives this week released their plan for rewriting the federal tax code.
Depending on one’s business or personal situation,...
Governor Preserves Evidentiary Standards for Elder Abuse
Governor Edmund G. Brown Jr yesterday vetoed a California Chamber of Commerce-opposed bill that would have made it easier for plaintiff’s attorneys to attempt...
California’s Lawsuit Climate Rank Ties All-Time Low
For the third time since 2012, California’s lawsuit climate ranked No. 47 out of 50 in the national survey by the U.S. Chamber Institute...
Trade Report: California Exports Slip, Ever So Slightly
California’s export trade declined modestly in the latest numbers, according to a recent Beacon Economics analysis of U.S. trade statistics released September 6 by...
State Economic Growth Slows; Constraints Include Labor, Housing, Uncertainty
California at Cruise Speed
Like the U.S., California’s economy continued to roll forward in the first part of 2017. The unemployment rate edged down, nonfarm...
California Supreme Court Decision May Threaten Local Taxpayer Protections
A California Supreme Court decision makes it easier to raise some local taxes. But how much easier remains to be seen.
For two decades, local...
Job Killer Creates More Litigation at Expense of Job Creation
A California Chamber of Commerce-opposed job killer bill that provides the perfect pleading pathway for class action attorneys to avoid arbitration awaits action by...
Private Attorneys Target California Businesses for Public Nuisance Claims
Government entities’ use of contingency fee arrangements with private attorneys to pursue public nuisance claims against companies has been a growing concern for California...
Cap-and-Trade Deal Also Cut Taxes
As part of a comprehensive, bipartisan solution implementing the state’s ambitious climate change goals, the legislation that extended the cap-and-trade program also included several...
Future of Cap and Trade Requires 2/3 Vote Approval
The California Supreme Court recently declined to review the 2-1 split decision by the Appellate Court, which ruled that California’s current cap-and-trade auction is not a tax requiring...
Assembly Policy Committee Passes Bill Enhancing Labor Commissioner Authority
A California Chamber of Commerce-opposed bill that allows the Labor Commissioner to seek injunctive relief before completing an investigation and determining retaliation has occurred...
Nine CalChamber Members Creating Jobs with Help from Tax Credit
Nine California Chamber of Commerce member companies have been selected by the Governor’s Office of Business and Economic Development (GO-Biz) as recipients of the...
It’s a Deal. Lawmakers Send Jerry Brown a Jam-Packed Budget
California lawmakers passed a spending plan for the coming fiscal year Thursday, meeting the state’s budget approval deadline with a $183.2 billion package that...
Disruption in Washington, D.C. Heightens Economic Uncertainty in California
The California economy remains on track despite the uncertainty created by the disruptive political environment that has characterized the early months of the Trump...