Tag: State Budget
Voters Maintain Support for Proposition 13, Increase Support for Improving Resolution of Labor Litigation
We previously reported on voters’ anxieties about the economy, the state’s business climate, crime, and drought and climate change. Voters have strong opinions about...
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...
Governor Lays Out Plan for Solving Record State Budget Deficit
Governor Gavin Newsom has proposed solving a record budget deficit by tapping reserves, borrowing money from special funds, deferring spending and raising some targeted...
After Years of Growth, State Budget Tanks
And just like that, California is in an economic recession.
But not just any recession. According to Governor Newsom’s Department of Finance, since mid-March, more...
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...
Finance Director on State Budget: Extraordinary Times Punctuated by Uncertainty
We are in extraordinary times right now, but that is punctuated by a lot of uncertainty, California Finance Director Keely Martin Bosler commented yesterday...
Gavin Newsom Will Release His First California Budget Proposal Thursday. Here’s What We Know.
California Gov. Gavin Newsom will propose his first-ever state budget on Thursday, just three days after being sworn in and as the state continues...
Governor Calls for Fiscal Prudence with 2018–19 Budget Plan
Governor Edmund G. Brown Jr. yesterday proposed the final budget of his gubernatorial career proposing to spend a record $190 billion, without raising taxes...
Budget Item Expands Labor Commissioner Authority
Increases Legal Costs, Penalties for Employers
The California Chamber of Commerce and a coalition of employer groups is opposing a budget item that expands the...
May Budget Revision
Amid Declining Revenue Growth, Governor Holds Line on Spending, Makes Saving a Priority
On Friday, Governor Brown released his May Revision to the California State Budget....
Finance Director Provides CalChamber Members with Overview of Governor’s Proposed 2016-17 Budget
California Department of Finance Director Michael Cohen yesterday provided CalChamber luncheon forum attendees with an overview of the Governor’s proposed 2016–17 budget. Highlights of...
Job Killer Update: 10 Bills Still Alive Following Policy Committee Deadline
As of today, the deadline for bills to pass policy committees and move to the floor, seven Senate job killer bills and two Assembly...
California Newspapers, Associations Oppose Job Killer Undermining Prop. 13
Two California newspapers editorialized over the weekend opposing SCA 5, a job killer bill that seeks to undermine the protections of Proposition 13 by...
Air Board Asks Courts to Create New Tax
In a landmark case before the Third District Court of Appeal, the California Air Resources Board (ARB) recently argued for creation of an unprecedented...
Governor Holds Steady on Prudent Spending Plan
Warning that a recession is inevitable, Governor Edmund G. Brown Jr. dampened spending expectations even as higher revenues have poured into state coffers.
Overall, the...
Two CalChamber Job Creator Bills in Policy Committee Monday
Two California Chamber of Commerce-supported job creator bills will be heard in the Assembly Revenue and Taxation Committee today.
AB 35 (Chiu; D-San Francisco)...