Tag: State Budget

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...

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 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...

Newsom Proposes $144 Billion California Budget With Focus On Education, Building Reserves

Newsom on Thursday proposed a $144 billion general fund spending plan in his first budget, a 4 percent increase. Capital Public Radio

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...
Capitol Report Video

Capitol Report: Job Killer Undermines Prop. 13 Protections, Would Raise Costs for Small Businesses...

https://youtu.be/3xzCwH4nLwI A recently amended job killer, SCA 5 (Hancock; D-Berkeley)/Mitchell; D-Los Angeles), now seeks to undermine the protections of Proposition 13 by unfairly targeting commercial...

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)...