Tag: Budget
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...
Legislative Analyst Takes First Look at Coronavirus Impact on State Budget
Economic uncertainty due to the coronavirus (COVID-19) pandemic will create logistical and financial challenges for the state budget, the state Legislative Analyst commented this...
Finance Director Outlines Investment Objectives
California is now into the 11th year of the U.S. economic recovery and all of the state’s economic vitals continue to be strong, state...
Coalition Raises Concerns Over Efforts to Impose Sales Tax on Services
A broad coalition that includes the California Chamber of Commerce, small businesses, and taxpayers this week announced the formation of the California Tax and...
Success of Private Sector Economy Reflected in State Budget Bounty
The $214 billion state budget that went into effect at the beginning of this month relies heavily on the success of the private sector...
Robust Budget, Key Programs Rely on Private Sector Success
Taxes continue to pour into the state treasury, like spring snowmelt into Lake Oroville. Thanks to the engine of California’s private economy—the creativity of...
CalChamber-Backed Bills Part of Budget Package
Governor Edmund G. Brown Jr. this week signed his final budget, a package that includes three California Chamber of Commerce-supported budget trailer bills which...
