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...
