State Budget

08 May

Legislative Analyst's Office, State Budget

Revenue Now $25 Billion Ahead of January Budget Proposal’s Projections, Legislative Analyst Says

• May 8, 2026
• By California Taxpayers

California’s state revenue is $25 billion above the governor’s January budget projection, largely because of private-sector economic ac...

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21 Nov

State Budget

State Facing $18 Billion Deficit Despite $8.6 Billion in Unexpected Revenue, Legislative Analyst Projects

• November 21, 2025
• By California Taxpayers

The state faces a 2026-27 budget deficit of $18 billion, the Legislative Analyst’s Office (LAO) projected November 19, even though reve...

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22 Aug

Local Taxes, State Budget

State Revenue Collections Ahead of Projections, Department of Finance Reports

• August 29, 2025
• By California Taxpayers

State revenue is running slightly ahead of the projections upon which the recently enacted 2025-26 state budget was based, the Departme...

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16 May

Assembly Revenue and Taxation Committee, California Taxes, California's Competitiveness, Legislative Update, State Budget

State Should Reinstate R&D Credit and NOL Deduction, 23 Democratic Lawmakers Tell Governor

• May 16, 2025
• By California Taxpayers

A group of 23 Democratic state lawmakers is urging Governor Gavin Newsom to reinstate the research-and-development tax credit and net o...

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31 May

Commentary, State Budget

Budget Proposal Attacks Independence of Office Tax Appeals

• June 7, 2024
• By Rob Gutierrez

By CalTax Chief Tax Counsel Bart Baer One of Governor Gavin Newsom’s recently proposed business tax increases stands out for reasons...

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24 May

State Budget

Half of Assembly Signs Letter Urging Rejection of Governor’s Proposals to Suspend NOL Deduction and Limit Tax Credits

• May 24, 2024
• By Rob Gutierrez

A bipartisan group of 40 state Assembly members – half of the house’s membership – signed a May 22 letter asking leadership to reject G...

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17 May

State Budget

Governor Proposes $18 Billion Business Tax Increase to Reduce Budget Deficit

• May 17, 2024
• By Rob Gutierrez

Governor Gavin Newsom unveiled his May budget revision May 10, presenting a 2024-25 plan with provisions that cumulatively represent an...

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26 Apr

State Budget

State Revenue Is 4 Percent Below Forecast for 2023-24 Fiscal Year

• April 26, 2024
• By Rob Gutierrez

General fund revenue was $243 million (1.6 percent) below the governor's budget forecast for March and $5.8 billion (4 percent) below t...

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26 Jan

State Budget

Governor’s Proposal Would Limit Use of NOLs for All Tax Years, Budget Committee Told

• January 26, 2024
• By Rob Gutierrez

Governor Gavin Newsom’s budget proposal to increase business taxes by limiting the utilization of net operating loss deductions is more...

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30 Jun

State Budget

Governor Signs Budget Bill After Reaching Agreement With Democratic Leaders

• September 5, 2023
• By California Taxpayers

Governor Gavin Newsom signed the 2023-24 state budget June 27 after reaching a privately negotiated agreement with Democratic legislati...

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