California Gov. Gavin Newsom’s proposed state budget contains more than $2 billion in new state taxes, even with $21 billion state surplus. Newsom proposed adopting some of the Trump federal tax code changes – and limiting deductions for business losses,...
California just ranked in the top 5 in the overall WalletHub 2019 State Economy Rankings, while ranking low in the Economic Health Ranking. WalletHub compared the 50 states and the District of Columbia across three key dimensions: 1) Economic Activity,...
“The state is flush, but school districts aren’t. Why isn’t the state allocating more to the kids, cities and counties that are still having a difficult time?” – Sen. John Moorlach Gov. Gavin Newsom released his revised budget Thursday,...
Self-described policy wonk Gov. Gavin Newsom presented his first Budget Summary 2019-20 Thursday – all 178 pages of it. “Full disclosure, this is something I really enjoy,” Newsom said. Newsom inherited a significant surplus of $15 billion and the...