Tag: Budget
Governor Signs Infrastructure Streamlining, Budget Trailer Bills
This week, Governor Gavin Newsom signed into law a slate of bills to accelerate critical infrastructure projects across California that upgrade the electric grid,...
Governor Signs State Budget Bill; Talks on Trailer Bills Continue
Governor Gavin Newsom signed the state budget bill this week, but many other components of the state spending plan must still come together.
The final...
Prudent Budget Proposal Keeps Key Commitments, No Tax Hikes
Governor Gavin Newsom released his revised budget on May 12, revealing a larger revenue shortfall, higher estimated safety net spending, but even so not...
Senate Democrats Propose Higher Taxes on Businesses
California Senate Democrats this week unveiled a proposal that would increase taxes on California businesses to compensate for budget shortfalls. If passed, certain businesses...
Governor’s Budget Plans for Uncertain Economy
Governor Gavin Newsom presented a balanced budget this week with no new general tax increases. He identified a $22.5 billion “shortfall” between previously expected...
Adopted Budget Includes Targeted Tax Benefits, One-Time Increases
This week the Legislature passed, and the Governor signed a $300 billion state budget that includes a number of targeted tax benefits for businesses,...
Record Budget Surplus Calls for Tripling Down on UI Fund Offset
Californians have traveled a bumpy road to post-pandemic recovery, with healthy employment and wage growth on the one hand, but soaring inflation and cost-of-living...
Featured Speakers Outline State’s Strengths, Challenges
California Lieutenant Governor Eleni Kounalakis and California Chamber of Commerce Board Chair Kailesh Karavadra shared their perspectives on the state’s accomplishments and challenges at...
May Budget Revise Focuses on Use of Record Surplus
The strong economic performance by key California industry sectors and entrepreneurs was reflected last week in the upward revision of the state’s general revenues...
