Tag: State Budget
Budget Writers and Experts Agree: AB 1776 Will Worsen California’s Deficit
Two new estimates — including one from the California Department of Finance — affirm what experts have been saying for months: legislation to rewrite...
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...
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...