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McDermott Will & Emery

New York State Budget Institutes Revenue-Neutral Health Plan Tax

McDermott Will & Emery on

The New York State fiscal year 2024 – 2025 budget was signed on April 20, 2024, instituting, among many other provisions, a new tax on health plans, including insurers and managed care organizations. This tax has been...more

Manatt, Phelps & Phillips, LLP

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

Manatt, Phelps & Phillips, LLP on

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

Manatt, Phelps & Phillips, LLP

California State Budget Update

Manatt, Phelps & Phillips, LLP on

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

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