Legislature Taking Up Governor’s Tax and Leave Proposals
The Legislature will take its first actions on Governor Newsom’s proposed 2022 budget and policy proposals next week, after negotiating a package deal to reduce […]
budget surplus
State Leaders Should Use Budget Surplus to Restore Tax Incentives, Repay UI Debt
Only 18 months ago, expecting a massive pandemic-induced collapse of economic activity, California finance officials predicted a staggering $54 billion state budget deficit. The prediction […]
California Should Reinstate Suspended Tax Credits with Another Historic Budget Surplus Coming
It’s hard to believe, but a little more than a year-and-a-half ago California’s financial prognosticators thought the state was barreling into a $54 billion deficit. […]