Tag: 2021 Budget

Legislature Passes Budget, Clearing the Way for Real Budget Negotiations

The Legislature fulfilled its constitutional obligation this week by approving a state budget just ahead of the June 15 deadline. But meeting the formal...

Revenue Surge Permits Huge Hike in Budget Plan

Relying on a “once in a lifetime” surge in state revenues, Governor Gavin Newsom is proposing a revised state budget for 2021–22 roughly $40...

CalChamber Statement on Governor’s Revised Budget Proposal

California Chamber of Commerce President and CEO Allan Zaremberg today issued the following statement in response to the revised budget proposal presented by Governor...

Cap-and-Trade Continues to Achieve Early Carbon Emissions Reductions While Generating Revenues for Climate and...

As expected, auction results from California’s market-based cap-and-trade program have stabilized, allowing the state to propose an expenditure plan consistent with past years’ levels....

State Expects to Receive Surplus Revenue, But Sees Deficits on the Horizon

Despite enjoying a record $34 billion budget surplus and prudent reserves from burgeoning but one-time tax revenues, California budget officials expect to see fiscal...

Governor’s Budget Proposes Economic Relief, No New Taxes

Nobody would have been surprised if Governor Gavin Newsom had presented his new state budget wearing a neck brace. The whiplash from budget boom...