Tag: Budget
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...
Extending CalCompetes Incentive Program Key to Job Growth, Statewide Investments
The COVID-19 pandemic triggered the deepest recession since the Great Depression. But just as the economic toll was steep, so is our economic recovery.
Much...
We’ve Reached Peak Budget
The Legislative Analyst has cried “last call” for the state budget bash.
Even as the State Legislature enjoys the prospect of spending record budget surpluses,...
Revenue Windfall Provides Opportunity
California’s mighty work-from-home economic engine continues to create massive value for workers, employers and entrepreneurs — and not incidentally for the state treasury.
The nonpartisan...
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...
State Leaders Should Use Budget Surplus to Restore Tax Incentives, Repay UI Debt
Only 18 months ago, expecting a massive pandemic-induced collapse of economic activity, California finance officials predicted a staggering $54 billion state budget deficit. The...
