Budget
Finance Director Says Budget Windfall Gives State Opportunity to Invest in Future
California’s revenues and economic conditions have continued to improve, enabling the state to address some of its greatest threats, such as climate change, the...
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...
