CalTaxletter No. 38: November 10, 2023
In local elections that concluded November 7, voters rejected a CalTax-opposed business tax and approved five taxes, while two other measures remain too close to call based on the preliminary vote counts.
In local elections that concluded November 7, voters rejected a CalTax-opposed business tax and approved five taxes, while two other measures remain too close to call based on the preliminary vote counts.
In local elections that concluded November 7, voters rejected a CalTax-opposed business tax and approved five taxes, while two other
California’s income tax revenue for October was significantly lower than projected in the 2023-24 state budget, increasing the likelihood that the governor and Legislature will need to bridge a multibillion-dollar deficit when lawmakers return to Sacramento in January.
In the days leading up to his October 14 deadline for acting on legislation, Governor Gavin Newsom issued numerous veto messages citing the state’s operating deficit as his reason for rejecting additional spending.
The Assembly Elections Committee voted August 23 to significantly limit Californians’ ability to change the tax system, approving ACA 13 (by Assembly Member Chris Ward and Assembly Speaker Robert Rivas), which would dramatically increase the vote threshold for any statewide initiative that seeks to increase vote requirements for state or local measures.
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The Assembly Elections Committee voted August 23 to significantly limit Californians’ ability to change the tax system, approving ACA 13 (by Assembly Member Chris Ward and Assembly Speaker Robert Rivas), which would dramatically increase the vote threshold for any statewide initiative that seeks to increase vote requirements for state or local measures.
The Assembly Elections Committee voted August 23 to significantly limit Californians’ ability to change the tax system, approving ACA 13 (by Assembly Member Chris Ward and Assembly Speaker Robert Rivas), which would dramatically increase the vote threshold for any statewide initiative that seeks to increase vote requirements for state or local measures.
The Assembly approved two constitutional amendments September 6 that would impact taxpayer protections and the vote requirements needed to approve
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