Economy
Risks to Economic Growth Trajectory Include Federal Deficit, Asset ‘Bubble’
New Administration
What does the new administration mean for the current economic expansion?
For the second time, President Donald Trump is taking the helm of a...
Governor’s Budget Proposal: $322 Billion with No Deficit
Last week, Governor Gavin Newsom presented a balanced $322.3 billion budget without a deficit.
His fiscal plan provides for $228.9 billion in general fund spending...
Social Narratives, Reality, Economic Data and How They Mesh with Election Results
Who Should We Credit for Trump’s Big Win? Jerome Powell Of Course…
The red wave that swept Donald Trump to a second term took most...
The People’s Voice: Annual Poll Outlines Priorities for New Legislature
Some key takeaways from this year’s CalChamber poll, The People’s Voice 2024, include the fact that California voters want more focus on growing jobs...
State Economic Challenges Reflect Policies Affecting Labor Market, Housing Supply
In March of this year The Economist ran an article with the headline “California is gripped by economic problems, with no easy fix. Rising...
AI Models Bill Will Hurt Economy, State Industry Leadership, Study Concludes
The California economy and state leadership in the global artificial intelligence (AI) industry will be hurt by a pending bill that aims to establish...
Trillion-Dollar Tech and Innovation Sector Key to California Economic Success
Technology and innovation are key drivers of economic development in California, creating well-paid jobs throughout the state and producing an outsized proportion of tax...
Analysis: May Budget Revision Released
Governor Newsom announced his strategy to address an estimated $27.6 billion deficit for the upcoming budget year, and a $28.4 billion projected deficit for...
Data Show Positive Economic Trends; Housing, Labor Supply Shortfalls Continue
Despite the Narratives, California Is Doing OK
The U.S. economy entered 2024 at a good pace. Consumer spending continues to hum along, inflation has cooled,...
California Finance Director Projects Slow Economic Growth; No New General Tax Increases Planned to Cover Budget Shortfall
California is expected to see slow but steady revenue growth in the 2024–2025 fiscal year, requiring state leaders to cover a $37.8 billion budget...
