Tag: Budget
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...
It’s Time to End 2020’s Emergency Tax Increases
In 2020 California passed a budget that reflected dire financial circumstances. A raging pandemic and shuttered economy led politicians and pundits to believe...
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...
Legislature Circumvents Policy Committees by Establishing Hospitality Industry “Right to Recall”
On April 16, 2021, Governor Newsom signed SB 93 establishing a “right to recall” requirement for certain hotels, private clubs, event centers, airport hospitality...
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...
Proposition 15 Defeated, Now What?
Proposition 15 was defeated by over 600,000 votes and California managed to avoid another landmine on the road to economic recovery. The initiative would...
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...