Tag: Budget
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...
