News & Analysis as of

Governor Newsom State Budgets

Jackson Lewis P.C.

Governor Signs Budget Bill Putting Health Care Minimum Wage on Pause

Jackson Lewis P.C. on

On June 29, 2024, California’s Governor signed Senate Bill (SB) 159, a budget bill pertaining to healthcare. Within this budget bill were revisions to California’s health care worker minimum wage, further delaying the...more

Ervin Cohen & Jessup LLP

Governor Newsom Delays Healthcare Minimum Wage Increases

On May 31, 2024, Governor Gavin Newsom signed Senate Bill 828, delaying the implementation of the recently passed healthcare minimum wage law, SB 525, by one month, from June 1, 2024 to July 1, 2024....more

Jackson Lewis P.C.

Healthcare Minimum Wage Delayed Until July 1

Jackson Lewis P.C. on

On May 31, 2024, Governor Newsom signed Senate Bill (SB) 828, which delays the effective date of the healthcare minimum wage statute by one month. Last October, Governor Newsom signed SB 525, which enacted a multi-tiered...more

Allen Matkins

California Environmental Law & Policy Update 5.17.24

Allen Matkins on

A coalition of 17 states led by Nebraska is suing California for creating ZEV standards for trucking fleets, saying the state’s rule violates the Constitution’s Commerce Clause. California’s Advanced Clean Fleets regulation,...more

Eversheds Sutherland (US) LLP

California Governor “May Revise” taxpayer apportionment win

On May 10, California Governor Gavin Newsom introduced his “May Revise” of the state budget. In addition to net operating loss deduction suspensions and tax credit usage limitations, one particularly concerning corporate...more

Snell & Wilmer

New California Law Attacks NINGs and DINGs

Snell & Wilmer on

On July 10, 2023, California Governor Gavin Newsom signed into law S.B. 131, which included a provision targeting the California state income tax treatment of incomplete gift non-grantor trusts ("INGs"). Under the prior law,...more

Holland & Knight LLP

The Final Content of California's Budget-Revised Infrastructure and CEQA Reform Trailer Bills

Holland & Knight LLP on

As stated in Holland & Knight's recent alert detailing Gov. Gavin Newsom's package of 11 bills to amend the venerable California Environmental Quality Act (CEQA), meaningful reforms to CEQA have eluded all past governors in...more

Manatt, Phelps & Phillips, LLP

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

Manatt, Phelps & Phillips, LLP

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

Brownstein Hyatt Farber Schreck

CA Governor Releases State Budget Updates Amid $32 Billion Shortfall

On Friday, May 12, California Gov. Gavin Newsom held a press conference to present the May Revise to the 2023-24 state budget proposal. This budget updates the governor's January budget announcement by demonstrating a...more

Venable LLP

Incomplete Gift Non-Grantor Trusts Created by California Residents May Be Subject to California State Income Tax Beginning in 2023

Venable LLP on

Under California Governor Gavin Newsom's proposed 2023-2024 state budget, released on January 10, 2023, the income of an incomplete gift non-grantor trust (ING Trust) may now be subject to California income tax, effective on...more

Allen Matkins

Sustainable Development and Land Use Update - 1.19.23 - #2

Allen Matkins on

After years of record budget surpluses, California now faces a projected $22.5 billion budget deficit, Governor Gavin Newsom announced last week. As part of a required adjustment in state spending, Newsom proposed cutting...more

McGuireWoods Consulting

Highlights From Governor Newsom’s Budget Proposal 2023-24

California Gov. Gavin Newsom recently released his proposed state budget for Fiscal Year 2023-2024, which will soon kick off a months-long deliberation process in the state legislature. The proposed budget is $297 billion...more

Allen Matkins

Governor Proposes Further DFPI Growth While Cutting DFPI Administered Grants To Nonprofits

Allen Matkins on

Article IV, Section 12(a) of the California Constitution requires the Governor within the first 10 days of the year to  submit to the Legislature, with an explanatory message, a budget for the ensuing fiscal year.  Last...more

Manatt, Phelps & Phillips, LLP

Governor Newsom Proposes FY 2023–24 Budget

Yesterday, Governor Gavin Newsom unveiled his fifth January budget proposal, which would authorize $223.6 billion in general fund spending, a 3.6% decrease from current-year spending....more

Goodwin

CA Gov. Newsom Announces Budget Approval for Biosimilar Insulin Initiative

Goodwin on

On Thursday, July 7, 2022, California Governor Gavin Newsom announced that the most recent state budget, signed last week, includes a $100 million allotment for California to “contract to make [its] own insulin at a cheaper...more

Latham & Watkins LLP

California Expands State Agency Authority to Spur Clean Energy and Bolster Grid Reliability

Latham & Watkins LLP on

A controversial new law gives the California Energy Commission authority over clean energy projects and authorizes the Department of Water Resources to fund new energy sources and extend the life of existing power plants. ...more

Allen Matkins

Governor Proposes To Increase In DFPI Spending

Allen Matkins on

Yesterday, Governor Gavin Newsom met the constitutional deadline for submitting a proposed budget.  Cal. Const. Art. IV, § 12(a).  The release of the budget kicks of a prolonged legislative process.  In the next several...more

Perkins Coie

California Commits $15 Billion to Fighting Climate Change

Perkins Coie on

Governor Gavin Newsom signed a $15 billion legislative package on September 23, 2021, funding efforts to combat climate change in California over the next three years. It is the largest climate investment package in the...more

Proskauer - California Employment Law

Tax Hikes Proposed to Bail Out California Unemployment Fund

Just as California’s employers and small businesses begin to recover financially from the COVID-19 pandemic, the state legislature is about to spring another tax increase on them. This time the money is needed to bail out the...more

Nossaman LLP

New California Budget Proposal Provides Massive Funding Boost to Higher Education

Nossaman LLP on

On May 14, Gov. Newsom unveiled his record-breaking $267 billion budget proposal to tackle some of the greatest challenges facing the state of California, kicking off what’s been described as the most ambitious era of...more

Manatt, Phelps & Phillips, LLP

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

Allen Matkins

Governor Proposes Large Increase In DFPI Budget

Allen Matkins on

Pursuant to Article IV, Section 12(a) of the California Constitution, today is the deadline for the Governor to submit a proposed balanced budget.  The next step is for the budget to be introduced into both houses of the...more

Ervin Cohen & Jessup LLP

California Enacts Small Business Bills

On September 9, 2020, California Governor Gavin Newsom signed three bills into law that were designed to provide support for small businesses, including restaurants and other food and beverage companies.  SB 1447...more

Manatt, Phelps & Phillips, LLP

L.A. City and County COVID-19 Weekly Update - CA Health and Government COVID-19 Guidance: Week in Review - September 2020

Moving to a New Reopening - Last week was the first full week under Governor Newsom’s new Blueprint for Economic Recovery four-tiered classification system for COVID-19 restrictions in the state. As of the publication of...more

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