Tag: Budget
Business Leaders Urge Newsom to Restore R&D Tax Credit
The California Chamber of Commerce and a coalition of business leaders are urging Governor Gavin Newsom to consider restoring California’s Research and Development (R&D)...
Analysis: May Budget Revision Released
Governor Newsom announced his strategy to address an estimated $27.6 billion deficit for the upcoming budget year, and a $28.4 billion projected deficit for...
Governor Signs Infrastructure Streamlining, Budget Bills
Yesterday afternoon, Governor Gavin Newsom signed into law a slate of bills to accelerate critical infrastructure projects across California that upgrade the electric grid,...
California’s New Budget Covers $32 Billion Deficit Without Touching Reserves
California Gov. Gavin Newsom and the Democrats who control the state Legislature agreed late Monday on how to spend $310.8 billion over the next...
Governor’s Budget Plans for Uncertain Economy
Governor Gavin Newsom presented a balanced budget with no new general tax increases. He identified a $22.5 billion “shortfall” between previously expected revenues and...
CalChamber Issues Statement on Governor’s Budget Proposal
California Chamber of Commerce President and CEO Jennifer Barrera today issued the following comments in response to the Governor's budget proposal:
"Today, Governor Newsom’s budget...
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...
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...
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...
CalChamber Applauds Governor’s Proposed Grants for Small Businesses
Today, as part of his budget announcement, Governor Gavin Newsom proposed adding much-needed financial relief for California employers in the form of tax credits/tax...
State Finance Director to Review Governor’s 2021 California Budget in Free Webinar
Finance Director Keely Martin Bosler will be outlining Governor Gavin Newsom's 2021 budget priorities in an online webinar presented by the California Chamber of...
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...
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 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...