Newsom Proposes Budget With Business Tax Relief Provisions
On January 10, Governor Gavin Newsom released his budget for the 2022-23 fiscal year, a $286.4 billion plan that proposes restoration o...
State Budget
03
Dec
State Revenue Nearly $16 Billion Ahead of Budget Projections
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...
19
Nov
Surplus Could Reach $31 Billion, Triggering State’s Spending Limit, Legislative Analyst Projects
State revenue is increasing at historic rates and could result in a $31 billion dollar surplus to allocate in next year’s budget proces...
29
Oct
California’s Revenue Is Nearly $14 Billion Above Forecast
California’s general fund tax revenue is $13.9 billion above the forecast in the 2021-22 state budget, the Department of Finance (DOF) ...
22
Oct
Governor Projects ‘Historic Budget Surplus’ for Next Fiscal Year
The state government will have another “historic budget surplus” in the next fiscal year, Governor Gavin Newsom said October 20 durin...
01
Oct
Income Tax Withholding Collections in September Up 22.5 Percent From 2020
California’s revenue outlook continues to be very positive, the Legislative Analyst’s Office (LAO) reported, as personal income tax wit...
24
Sep
Revenue Windfall Continues, Could Reach $25 Billion
The state’s tax revenue windfall could reach $25 billion by the end of the current fiscal year, the Legislative Analyst’s Office stated...
27
Aug
Revenue Beats Projections by $1.5 Billion in First Month of New Fiscal Year
General fund tax revenue for July, the first month of the 2021-22 fiscal year, was $1.54 billion above the $8.38 billion forecast in th...
04
Jun
Democratic Legislative Leaders Unveil Joint Budget Proposal
Democratic legislative leaders announced June 1 that they have reached a budget agreement and will now negotiate with Governor Gavin Ne...
30
Apr
California’s Tax Revenue Is $16.7 Billion Above Projections
State revenue for the first nine months of the current fiscal year is $16.7 billion ahead of the projections in Governor Gavin Newsom’s...