Tag: Budget

2020 Budget Depends on Borrowing, New Taxes and Congress

The new state budget went into effect on time last week, after Governor Newsom signed 20 bills enacting hundreds of pages of new legislation...

Signed Budget Package Raises Taxes, Awaits Action by Congress

Governor Gavin Newsom signed 20 bills on Monday that established and implemented the 2020–21 state budget. Even after enacting hundreds of pages of new...

Too Soon for Taxes in State Budget

Despite facing a June 15 deadline to pass a state budget, Governor Gavin Newsom and legislative leaders are, prudently, deferring a number of major...

Property Tax Relief, Workers’ Comp Presumptions, and Budget Deficits, Oh My!

A long, long time ago, in a galaxy far away, Major League Baseball was preparing for opening day, school children shuttled off to classrooms...

California Economy Remains Strong; Finance Director Outlines Investment Objectives in Governor’s Budget

California is now into the 11th year of the U.S. economic recovery and all of the state’s economic vitals continue to be strong, state...

Renewed Talk about Sales Tax on Services Raises Concerns for California Business

Governor Gavin Newsom signed the state budget with a $21 billion surplus, but expressed his support for a new sales tax on services in...

California’s Private Economy Serves State Budget Bounty

Right on schedule, the California Legislature approved a $213 billion state budget – roughly twice the size of the budget adopted a decade ago...

CalChamber Issues Statement on Approval of State Budget

California Chamber of Commerce President Allan Zaremberg today issued the following statement on passage of the California State Budget: “The $213 billion state budget approved...

CalChamber Podcast: Go-Go Economy Fuels Record State Budget Surplus

Thanks to the hard work of employers and businesses, the state has seen excellent growth and is flush with revenue. On this episode of The...

Robust State Budget, Key Programs Rely on Private Sector Success

Taxes continue to pour into the state treasury, like spring snowmelt into Lake Oroville. Thanks to the engine of California’s private economy – the...

Gavin Newsom’s California Budget Spends Big and Saves More in ‘Extraordinary Moment’

America’s long economic expansion is still filling California tax coffers, enabling Gov. Gavin Newsom to spend more money on homeless aid and emergency preparation...

Budget Plan: Fiscal Stability Now, Future Search for New Funds

In his recently released state budget proposal, Governor Gavin Newsom made two important and supportive statements on California’s business and economic climate. First, he reinforced...

Governor Signs Budget; Approves Three CalChamber-Supported Bills

Yesterday, Governor Edmund G. Brown Jr. signed his final budget, which included three California Chamber of Commerce-supported budget trailer bills that incorporated language from...

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...