Tag: Budget
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...
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...
