Tag: 2022 Budget

Unprecedented Budget Surplus Is Focus of May Revision

To nobody’s surprise, Governor Gavin Newsom on Friday announced another upward revision in the state’s general revenues—a $55 billion bump since January. To the...

We’ve Reached Peak Budget

The Legislative Analyst has cried “last call” for the state budget bash. Even as the State Legislature enjoys the prospect of spending record budget surpluses, its...

Legislature Taking Up Governor’s Tax and Leave Proposals

The Legislature will take its first actions on Governor Newsom’s proposed 2022 budget and policy proposals next week, after negotiating a package deal to...

CalChamber-Led Coalition Urges Legislature to Adopt $3B UI Debt Payment Budget Proposal

The California Chamber of Commerce and a broad-based coalition of employer organizations are strongly supporting Governor Gavin Newsom’s budget proposal to help reduce the...

Governor Newsom has Proposed the Fourth State Budget of His Term, and It’s a...

The proposed budget tops out at more than a quarter-trillion dollars, larger than the entire economies of Vietnam, the Czech Republic or Portugal. The...

CalChamber Issues Statement on Governor’s Budget Proposal

CalChamber President and CEO Jennifer Barrera today responded to Governor Gavin Newsom’s budget proposal with the following statement: “CalChamber commends Governor Newsom for taking decisive...

State Leaders Should Use Budget Surplus to Restore Tax Incentives, Repay UI Debt

Only 18 months ago, expecting a massive pandemic-induced collapse of economic activity, California finance officials predicted a staggering $54 billion state budget deficit. The...