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Governor Proposes to Overcome $45 billion Budget Deficit

California Governor Gavin Newsom released the “May Revision” to the state budget on Friday. The May Revision, or “May Revise,” takes into account actual state revenues collected through April....more

Governor Newsom Proposes California FY 2024–25 Budget

Governor Gavin Newsom has unveiled his January budget proposal, which authorizes $291.5 billion in spending, significantly less than the $310.9 billion budget plan enacted just six months ago.  To balance the proposed...more

2023–24 California State Budget Finalized—At Least for Now

After around-the-clock weekend negotiations between Democratic legislative leaders and Governor Gavin Newsom, working against a looming June 30 constitutional deadline, leaders announced a budget agreement late Monday night....more

Newsom's Updated Budget Proposal Safeguards Health Care Funds Amid Growing Deficit

California Governor Gavin Newsom has released his “May Revision” budget, which updates his initial FY2023-24 budget proposal released in January. His updated budget totals $307 billion--$10 billion more than he proposed in...more

Governor Newsom’s May Budget Proposal Urges Fiscal Prudence in Uncertain Times

California Governor Gavin Newsom has unveiled his May Revision to his January $297 billion spending proposal for FY2023-24. His new proposal totals $307 billion and addresses a projected $31.5 billion deficit, a $9 billion...more

California State Budget Update

Governor Gavin Newsom, Assembly Speaker Anthony Rendon and Senate President Toni Atkins have reached agreement on a more than $300 billion “budget framework” for the state’s 2022–23 budget. The full Legislature must approve...more

2022–2023 State Budget Update

California legislators have passed a 2022–23 spending proposal. This year’s budget measure, Senate Bill 154, totals over 1,000 pages. The Senate voted 28 to 8 to send the budget to Governor Newsom. The final Assembly vote was...more

California's 2022 Primary Results and Takeaways

Historically Low Turnout Results in Status Quo Outcome - California’s June top-two primary is when California voters choose their two favorites for state offices. Unlike in many other states, voters can pick any candidate...more

Exemption From California Lender Licensing Law for Single Loan About to Expire

An exemption from the California lender licensing law for a person making a single commercial-purpose loan in a rolling 12-month period is about to “sunset” in California, impacting persons who have relied upon the exemption,...more

California’s 2021–2022 State Budget: Focus on Health Care

California’s New Budget Commits the State to Record Health Care Spending - California Governor Gavin Newsom and the state Legislature enacted a $196 billion spending plan for FY2021–22, including authorizing a 29% increase...more

California’s History-Making 2021–2022 State Budget: An Overview

California Governor Gavin Newsom and the state Legislature enacted a $196 billion spending plan for FY 2021–22, the largest budget in state history. Buoyed by a record budget surplus estimated at $85 billion, including $26…...more

Reopening CA: State Intends to Lift Most Restrictions on Businesses and for Vaccinated Californians

Businesses can reopen and vaccinated Californians will be able to get back to an almost normal life when the state lifts its restrictions on economic activity June 15. ...more

Governor Newsom Unveils Historic Spending Plan for Recovery, Rebuilding, Renewal and Resilience

New Budget Based on Record Revenue Growth - Relying on a “once in a lifetime” surge of $65 billion or more in state revenues and an estimated $25 billion in new federal COVID-19 relief funds, Governor Gavin Newsom is...more

California Insurance Enters Rugged 2021 Legislative and Regulatory Terrain

California lawmakers proposing changes in the state’s insurance laws face their first significant hurdles in the next two weeks. These bills must be set, heard and passed by the Insurance Committee in their house by May 7 (or...more

Governor Newsom Announces Return to Strict Stay-at-Home Order, but on a Regional Basis

New Order Reinstates Restrictions on Business, Travel and Other Nonessential Activities - On Thursday, December 3, 2020, California Governor Gavin Newsom announced the release of a new regional Stay-at-Home Order in...more

Governor Newsom Announces New Blueprint for Economic Recovery

California Moving to a Four-Tiered Blueprint for Business Reopening - On Friday, August 28, 2020, California Governor Gavin Newsom unveiled a new and simpler four-tiered classification system, the Blueprint for a Safer...more

California May Expand Unpaid Family Leave Requirements for Small Business

Last week, just before adjourning for a COVID-19-shortened summer recess, the California State Senate passed a measure that, if it becomes law, would significantly expand the availability of unpaid family leave in the state....more

CA Indoor Restaurants and Entertainment Re-Closed by Governor’s Order

Gov. Newsom Orders 19 Counties Across the State to Reverse Course - On Wednesday, July 1, Governor Newsom ordered restaurants and other indoor activities in much of the state to close down for a three-week period, due to...more

Proposed California Taxes to Address California’s Budget Shortfall in Light of COVID-19

California Governor Gavin Newsom’s proposed budget for FY 2020-21 projected a $7 billion surplus and record state spending, but his revised budget projects as much as a $54 billion deficit in light of COVID-19’s impact on the...more

“California for All”—Newsom Budget Includes Bold Spending, Fiscal Guardrails

Five months into his first term as California governor, and a week ahead of schedule, Governor Gavin Newsom rolled out his “May Revise” budget. The May Revise reflects state revenue projections based on tax receipts and...more

Governor-Elect Newsom Names Chief of Staff and Cabinet Secretary

California Governor-elect Gavin Newsom is moving swiftly to appoint senior members of his administration. As many expected, the first announcements came this afternoon, with Newsom naming Ann O’Leary as his chief of staff and...more

California Passes First-in-Nation Disclosure Requirements for Small Business Loans

At literally the 11th hour on August 31, the California legislature passed Senate Bill 1235 (SB 1235). Governor Brown has until September 30 to sign this legislation. Although not certain, we believe it is more likely than...more

Governor Brown Releases His Final May Revision Budget

In mid-May, Governor Jerry Brown released his 16th and final “May Revision” to his initial January budget proposal; it included updated revenue information and relatively modest proposed changes. The single biggest change is...more

Four-Term Governor Jerry Brown: One Last Budget

This week, California Governor Jerry Brown, beginning the final year of his unprecedented four terms as governor, unveiled his 16th and last state budget proposal, which projects a $6.1 billion surplus, mostly a result of...more

Health Update - December 2016

Balancing Gene Therapy’s Promise and Price - Editor’s Note: Exciting advances in science have led to developing treatment breakthroughs, such as gene scripting therapies, that could represent the first potential cures...more

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