Tuesday, October 19, 2021
Home Tags Budget

Tag: Budget

Business Groups Urge: Restore Tax Credits, Net Operating Loss Deduction

The California Chamber of Commerce and a coalition of business groups are urging state legislators to restore the net operating loss deduction and business...

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...

$5.1 Billion Drought/ Water Infrastructure Plan Includes Water Supply/Reliability

Governor Gavin Newsom on May 10 unveiled a $5.1 billion plan for California’s water infrastructure, drought response and preparations for a “climate resilient system.” In...

Governor Announces $12 Billion Plan to Combat Homelessness

At a May 11 press conference, Governor Gavin Newsom announced a $12 billion package to address the homelessness crisis. The package is part of...

Governor’s Recovery Plan Includes Stimulus Checks, Rent Relief

Governor Gavin Newsom began the week by announcing a plan to provide financial relief to millions of Californians. The plan includes Golden State Stimulus payments...

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...

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...

State Expects to Receive Surplus Revenue, But Sees Deficits on the Horizon

Despite enjoying a record $34 billion budget surplus and prudent reserves from burgeoning but one-time tax revenues, California budget officials expect to see fiscal...

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...

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...

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...

Finance Director Outlines Investment Objectives

California is now into the 11th year of the U.S. economic recovery and all of the state’s economic vitals continue to be strong, state...

Coalition Raises Concerns Over Efforts to Impose Sales Tax on Services

A broad coalition that includes the California Chamber of Commerce, small businesses, and taxpayers this week announced the formation of the California Tax and...

Success of Private Sector Economy Reflected in State Budget Bounty

The $214 billion state budget that went into effect at the beginning of this month relies heavily on the success of the private sector...

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...