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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...

Finance Director to Cover Details of California Budget Proposal at CalChamber Luncheon

California Finance Director Keely Martin Bosler is scheduled to explain details of the Governor's budget proposal for 2020-2021 at a California Chamber of Commerce...

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...