Tag: California Budget
CalChamber, CMTA Back Proposed Extension of Climate Change Program
Cap-and-Trade Continues to Offer Reliable Opportunity for Economic Growth and Climate Action
This week, Governor Gavin Newsom included in his revised state budget plan a...
CalChamber Comments on Governor’s May Revise Budget Proposal
Following Governor Gavin Newsom’s revised state budget announcement yesterday, CalChamber President and CEO Jennifer Barrera issued the following statement:
“The revised budget plan addresses a...
California Finance Director Details Budget: Fiscal Outlook Improves, Revenue Shortfall Avoided
California is in better fiscal footing than it has been for the last two years and is not expected to have a revenue shortfall,...
California Governor Proposes $322B Budget with No Deficit
On Friday, Governor Gavin Newsom presented a balanced $322.3 budget without a deficit.
His fiscal plan provides for $228.9 billion in general fund spending and...
CalChamber Issues Statement on Governor’s 2025 Budget Release
The California Chamber of Commerce today released the following statement in response to Governor Gavin Newsom's outline of funding priorities for 2025:
“As we are...
Legislative Analyst Forecasts Multiyear State Budget Deficits
The new year will bring in big changes to California politics and governance.
Some 35 new legislators will start work in the State Capitol. A...
Governor Proposes Belt-Tightening Budget Approach with No General Tax Hikes
It’s a problem, but not a crisis.
The state budget proposed by Governor Gavin Newsom would maintain the trajectory of state spending without major disruptions...
CalChamber Issues Statement on Governor’s 2024 Budget Release
The California Chamber of Commerce today released the following statement in response to the Governor’s outline of funding priorities for 2024:
“Governor Newsom is doing...
Sacramento Snapshot: What to Watch for in the Legislature This Year
From a looming budget deficit to tackling AI, here's what lobbyists in Sacramento are looking at in 2024
There’s a heavy cloud over Sacramento when...
California Revenue Shortfall Tagged at $58 Billion, May Worsen Next Year
California’s famously volatile tax machine has delivered another dose of unpredictability. According to the nonpartisan Legislative Analyst’s Office (LAO), the state suffered a $26...
Transit, Child Care Are Among The Sticking Points In California’s $300 Billion Budget Negotiations
California lawmakers passed a budget Thursday to ensure they keep getting paid, but it’s a blueprint unlikely to become law because the Democrat-controlled Legislature...
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...
California Finance Department Spokesperson Explains How State Went From Record Budget Surplus to Possible...
California is no stranger to economic booms and busts. But 2022 may be a prime example of how quickly and drastically the state's fiscal...
Record Budget Surplus Calls for Tripling Down on UI Fund Offset
Californians have traveled a bumpy road to post-pandemic recovery, with healthy employment and wage growth on the one hand, but soaring inflation and cost-of-living...
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...
CalChamber Issues Statement on Governor’s May Revision
California Chamber of Commerce President and CEO Jennifer Barrera issued the following statement in response to Governor Gavin Newsom’s May Budget Revision released today:
“We...
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...
Gas Prices and the Gann Limit
Nothing shouts “cost of living” quite as loudly as gasoline prices in Los Angeles averaging $6.01 a gallon. Inflation has reached a 40-year high...
Calif. Finance Director Says Budget Windfall Gives State Opportunity to Invest in Its Future
California’s revenues and economic conditions have continued to improve, enabling the state to address some of its greatest threats, such as climate change, 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...