Legislature Passes Budget, Clearing Way for Real 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...
Revenue Surge Permits Huge Hike in Budget Plan
Relying on a “once in a lifetime” surge in state revenues, Governor Gavin Newsom is proposing a revised state budget for 2021–22 roughly $40...
Californians Can Thank ’70s Tax Revolt for Rebate of Budget Surplus $s
Most Californians will enjoy a one-time tax rebate or payment, courtesy of a massive state revenue windfall and a 42-year-old remnant of the Tax...
Legislators Urge End to Business Tax Increase
A bipartisan group of 25 California legislators led by Assemblymember Evan Low (D-Campbell) is urging Assembly Budget leadership to immediately end a tax increase...
Governor’s Budget Proposes Economic Relief, No New Taxes
Nobody would have been surprised if Governor Gavin Newsom had presented his new state budget wearing a neck brace. The whiplash from budget boom...
2020 State Budget Depends on Borrowing, New Taxes and Action by Congress
The new state budget went into effect on time last week, after Governor Gavin Newsom signed 20 bills enacting hundreds of pages of new...
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...
Robust Budget, Key Programs Rely on Private Sector Success
Taxes continue to pour into the state treasury, like spring snowmelt into Lake Oroville. Thanks to the engine of California’s private economy—the creativity of...
Budget Plan Spells Out Steps to Expanding Paid Family Leave
Following up on his January commitment to expanding California’s Paid Family Leave (PFL) program, Governor Gavin Newsom outlined steps toward that goal in the...
Finance Director Presents Budget Proposal Highlights
We are in extraordinary times right now, but that is punctuated by a lot of uncertainty, California Finance Director Keely Martin Bosler commented this week to a luncheon audience of more than 100 business leaders at the California Chamber of Commerce
CalChamber-Backed Bills Part of Budget Package
Governor Edmund G. Brown Jr. this week signed his final budget, a package that includes three California Chamber of Commerce-supported budget trailer bills which...
Governor’s Revised Budget Plan Saves Money for Rainy Day; No New Taxes
Last week, Governor Edmund G. Brown Jr. released a revised version of his state budget proposal for 2018–19. The Governor’s final budget continues to...
Governor Calls for Fiscal Prudence with Budget Plan
Governor Edmund G. Brown Jr. this week proposed the final budget of his gubernatorial career, proposing to spend a record $190 billion without raising...
Final Budget Agreement Keeps Lid on New Spending
The Governor and legislative leaders announced on Tuesday, June 13 that they had reached an agreement on a $125 billion budget for the 2017–18...
Governor’s May Budget Revise Continues to Hold Line on Spending
Last week, Governor Edmund G. Brown Jr. released a revised budget plan for 2017–18 that continues to restrain new spending. The Governor warned that...
Budget Item Expands Labor Commissioner Authority
The California Chamber of Commerce and a coalition of employer groups is opposing a budget item that expands the Labor Commissioner’s authority and exposes...
Governor’s Prudent Budget Adds to Rainy Day Fund
Governor Edmund G. Brown Jr, this week proposed a prudent and balanced state budget for 2017–18 that eliminates a projected $2 billion deficit and...
