State Budget

19 Feb

State Budget

Governor and Democratic Leaders Announce Deal on Early Budget Action

• August 8, 2023
• By CalTax

Governor Gavin Newsom and Democratic legislative leaders announced February 17 that they have reached an agreement on portions of the s...

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22 Jan

State Budget

December’s State Tax Revenue Was $3 Billion Higher Than Projected

• August 8, 2023
• By CalTax

Revenue from the state government’s three largest taxes beat budget projections by $3 billion (21 percent) for the month of December, t...

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08 Jan

State Budget

Newsom Proposes $227 Billion Budget With Continuation of Business Tax Hike

• August 8, 2023
• By CalTax

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28 Aug

State Budget

State Auditor Puts COVID-19 Response Spending on High-Risk List

• August 8, 2023
• By CalTax

State Auditor Elaine Howle reported August 25 that her office has designated the state’s management of federal funds related to COVID-1...

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26 Jun

State Budget

New Budget Deal Unveiled, Quickly Brought to Vote

• August 8, 2023
• By CalTax

Governor Gavin Newsom and Democratic legislative leaders announced June 22 that they reached an agreement on the 2020-21 state budget, ...

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12 Jun

State Budget

Lawmakers Scheduled to Vote on $9.2 Billion Tax Increase on California Businesses

• August 8, 2023
• By CalTax

Both houses of the Legislature are scheduled to vote Monday on a budget deal that includes $9.2 billion in tax increases on California ...

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29 May

State Budget

Newsom Releases Details of Corporate Tax Increases, While Legislators Debate Priorities

• August 8, 2023
• By CalTax

Democrats in the state Senate released a budget proposal this week that agrees with Governor Gavin Newsom’s proposed limit on tax credi...

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22 May

State Budget

Governor’s Tax Proposals Get First Legislative Hearings

• August 8, 2023
• By CalTax

The Legislature’s budget deliberations kicked into high gear this week with committee hearings on Governor Gavin Newsom’s budget revisi...

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15 May

State Budget

Governor Unveils Revised Budget Plan With Higher Taxes on Corporate Taxpayers

• August 8, 2023
• By CalTax

Governor Gavin Newsom released his revised budget proposal May 14, a $203.3 billion spending plan for the 2020-21 fiscal year that call...

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28 Feb

State Budget

State Budget: State Lottery Owes $36 Million to Schools, Auditor Says

• August 8, 2023
• By CalTax

The state government could increase funding for K-12 education by properly managing the California Lottery, which owes schools $36 mill...

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