Tag: California Budget

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...
Keely Martin Bosler, Director of the California Department of Finance

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...
BUDGET 2022

State Finance Director to Review Governor’s 2022 Budget in Free Webinar

Update: Calif. Finance Director Says Budget Windfall Gives State Opportunity to Invest in Its Future, January 13, 2022 Finance Director Keely Martin Bosler will be outlining...

State Leaders Should Use Budget Surplus to Restore Tax Incentives, Repay UI Debt

Only 18 months ago, expecting a massive pandemic-induced collapse of economic activity, California finance officials predicted a staggering $54 billion state budget deficit. The...

Legislature Passes Budget, Clearing the Way for Real Budget Negotiations

The Legislature fulfilled its constitutional obligation this week by approving a state budget just ahead of the June 15 deadline. But meeting the formal...

State Expects to Receive Surplus Revenue, But Sees Deficits on the Horizon

Despite enjoying a record $34 billion budget surplus and prudent reserves from burgeoning but one-time tax revenues, California budget officials expect to see fiscal...

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...

The Private Sector Cannot be California’s Safety Net

The California Chamber of Commerce and a coalition of employer groups this week voiced concerns about the feasibility of the wildfire smoke protection emergency...

Legislative Analyst Takes First Look at Coronavirus Impact on State Budget

Economic uncertainty due to the coronavirus (COVID-19) pandemic will create logistical and financial challenges for the state budget, the state Legislative Analyst commented this...