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State Budget

CDTFA
14 Apr
State Budget

Lawmakers Consider Governor’s Plan for $402 Million for Complex With New CDTFA Office

  • August 8, 2023
  • By author-avatar CalTax

Lawmakers are considering a budget request from Governor Gavin Newsom to spend $402 million in general fund money in 2023-24 for a state office complex that will include a new headquarters for the California Department of Tax and Fee Administration.

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NewsomPressConference
13 Jan
State Budget

Newsom’s Plan Cancels UI Fund Payments, Includes Targeted Tax Increases

  • August 8, 2023
  • By author-avatar CalTax

Governor Gavin Newsom this week unveiled his budget for the 2023-24 fiscal year, proposing total spending of $297 billion from all funds, down from $307.9 billion in the budget enacted last summer. 

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California slider 1
18 Nov
State Budget

State Could Face $25 Billion Deficit, Analyst Warns

  • August 8, 2023
  • By author-avatar CalTax
California could face a $25 billion operating deficit in the 2023-24 fiscal year if current spending levels remain unchanged, according...

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State Capitol Sacramento slider
01 Jul
State Budget

Governor Signs Budget Bills, Legislature Begins Recess

  • August 8, 2023
  • By author-avatar CalTax

Governor Gavin Newsom signed a $308 billion state budget and several budget trailer bills this week, and the Legislature began its month-long summer recess.

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CA Budget
13 May
State Budget

Newsom’s Revised Budget Has Tax Incentives to Lure Business From Targeted States

  • August 8, 2023
  • By author-avatar CalTax
Governor Gavin Newsom this morning proposed a $300.7 billion revised state budget for 2022-23 and pegged the state’s operating surplus ...

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22 Apr
State Budget

State Revenue Could Outpace Projections by $39 Billion, Analyst Says

  • August 8, 2023
  • By author-avatar CalTax
State revenue “could end up $33 billion to $39 billion higher than the Governor’s Budget assumes,” the Legislative Analyst’s Office (LA...

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rotunda state capitol ca
18 Feb
State Budget

Revenue for Current Fiscal Year Beats Expectations by $16 Billion

  • August 8, 2023
  • By author-avatar CalTax
The state collected nearly $16 billion more revenue than expected during the first seven months of the 2021-22 fiscal year, the Departm...

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Sacramento Capitol
21 Jan
State Budget

Lawmakers Begin Budget Hearings

  • August 8, 2023
  • By author-avatar CalTax
The Senate Budget and Fiscal Review Committee held a two-hour hearing January 19 to get an overview of the governor’s budget proposal f...

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14 Jan
State Budget

Newsom Proposes Budget With Business Tax Relief Provisions

  • August 8, 2023
  • By author-avatar CalTax
On January 10, Governor Gavin Newsom released his budget for the 2022-23 fiscal year, a $286.4 billion plan that proposes restoration o...

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rotunda state capitol ca
03 Dec
State Budget

State Revenue Nearly $16 Billion Ahead of Budget Projections

  • August 8, 2023
  • By author-avatar CalTax
Through the first four months of the fiscal year, state revenue is $15.98 billion ahead of the amount projected in the budget enacted t...

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