Benicia Bridge Vista Point

2021 CalTaxletter No. 7

    • State Budget: Governor and Democratic Leaders Announce Deal on Early Budget Action
      Legislature: Bill Introduction Deadline Is Today
  • Downtown Los Angeles Skyline

    2021 CalTaxletter No. 4

    Heeding the advice of the Legislative Analyst’s Office to take a deliberate pace when considering Governor Gavin Newsom’s budget proposal for 2021-22, both houses of the Legislature canceled several scheduled budget committee hearings this week.

    Dec7AssemblySessionGolden1Center

    2020 CalTaxletter No. 41

    November revenue collections from the state’s three largest taxes – the personal income tax, corporation tax, and sales tax – were ahead of budget projections by $2.4 billion (33 percent), and total collections for the first five months of the 2020-21 fiscal year …

    Lake Tahoe Winter

    2020 CalTaxletter No. 40

    “A sizeable revenue windfall” of approximately $26 billion is taking shape for the state government because the pandemic-caused recession has had “a muted effect on tax collections …