News & Analysis as of

State Budgets California

Downey Brand LLP

Senate Bill 607 and Potential Sweeping Changes to CEQA

Downey Brand LLP on

This year, over fifty bills were introduced in the Legislature that directly addressed a CEQA issue. Many died in committee, or failed to make it out of their respective houses. The vast majority of those that advanced sought...more

Nossaman LLP

Proposition 4: California’s Historic $10 Billion Climate Investment and Path to Resilience

Nossaman LLP on

In the November 2024 election, California voters approved Proposition 4 – the Climate Bond, authorizing the state to issue $10 billion in general obligation bonds to fund climate resilience and environmental conservation...more

Pillsbury Winthrop Shaw Pittman LLP

California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

The proposal includes a shift to a single-sales-factor apportionment formula for financial institutions, aiming to increase tax revenue starting in tax year 2025. Update: On May 14, 2025, Governor Newsom released the May...more

ArentFox Schiff

California’s Cannabis Crackdown: Record Seizures and Budget Reforms Aim to Level the Playing Field

ArentFox Schiff on

Since January, California officials have seized more than $316 million worth of illegal cannabis and $474,000 in cash through coordinated enforcement actions with state agency partners and local governments....more

Miller Starr Regalia

Senator Wiener and Assembly Member Wicks Applaud Governor Newsom’s Support of Their CEQA Reform Bills

Miller Starr Regalia on

On May 14, 2025, Senator Scott Wiener issued a press release stating that, on that morning, “Governor Gavin Newsom announced that he supports the strongest ever reforms of [CEQA],” referring to Newsom’s proposal to include in...more

Sheppard Mullin Richter & Hampton LLP

Keep California Rolling: New Bills Poised to Revitalize Production (in Hollywood)

The introduction of Senate Bill 630 and Assembly Bill 1138 aims to provide California with a competitive advantage in its quest to retain and bring back production jobs that are vital to the entertainment industry. The bills...more

Pillsbury Winthrop Shaw Pittman LLP

California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

The proposal includes a shift to a single-sales-factor apportionment for financial institutions, aiming to increase tax revenue starting in tax year 2025....more

McGuireWoods Consulting

California Legislative Update: Budget, Fires, Los Angeles

California’s Budget Proposal - On Jan. 10, 2024, Gov. Gavin Newsom released his 2025-2026 budget proposal. The budget proposes a total spending of $322.2 billion in state funds – it consists of approximately $228.9...more

Brownstein Hyatt Farber Schreck

California State Budget 2025-26

The governor’s 2025-26 budget proposal breaks the cycle of deficits past with a cautiously optimistic projection of a $322.2 million surplus. The source of this modest surplus, which comes as a great surprise to many still...more

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

Allen Matkins

Renewable Energy Update 6.13.24

Allen Matkins on

A U.S. district judge has dismissed claims by Native American tribes and environmentalists who sought to halt construction along part of a $10 billion energy transmission line that will carry wind-generated electricity from...more

Weintraub Tobin

California’s Minimum Wage Law for Healthcare Workers May Be Delayed

Weintraub Tobin on

In October 2023, Governor Newsom signed Senate Bill No. 525 (“SB 525”), which establishes minimum wage schedules for “covered health care employees” depending on the type of facilities in which they work, and raises the...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

McDermott Will & Emery

New York State Budget Institutes Revenue-Neutral Health Plan Tax

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

Cozen O'Connor

Cozen Cities - February 14, 2024

Cozen O'Connor on

BOSTON — City Leading AI Industry- Boston-area companies are leading in the development of new artificial intelligence (AI) and managing data for AI use. A new report estimates that Boston’s expertise in tech and health...more

Cozen O'Connor

Cozen Cities - January 31, 2024

Cozen O'Connor on

CHICAGO — Chicago Rideshare Drivers Looking for Safety Solutions- Chicago Gig Alliance organizer Lori Simmons is leading the charge in demanding city officials take action in response to a rash of recent rideshare driver...more

Littler

California Could Revive the Industrial Welfare Commission

Littler on

As happens this time every year in California, legislators and the governor are crafting a state budget for the upcoming fiscal year. The budget bill currently under consideration in Sacramento contains a startling and...more

McGuireWoods Consulting

California Update: State Legislature Passes its Version of the 2023-2024 Budget

The California State Legislature recently passed its version of the 2023-2024 State Budget on June 15th, meeting its constitutional deadline to do so. The $311.7 billion spending plan approves various key components of the...more

Nossaman LLP

Governor Newsom’s Infrastructure Package of Budget Trailer Bills Down But Not Out

Nossaman LLP on

Last month, through the annual process known as the “May Revise,” California Governor Gavin Newsom released an update to the 2023-24 state budget proposal that he first introduced in January. The updated budget proposal sets...more

Nossaman LLP

CEQA Reform: Making Sense of California’s Budget Trailer Bill

Nossaman LLP on

On June 12, 2023, each house of the California State Legislature released the proposed language of the Budget Act of 2023. The Legislature’s proposal excludes the California Environmental Quality Act (CEQA) and permit...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

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

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

Allen Matkins

California Environmental Law & Policy Update -1.13.23 - #2

Allen Matkins on

Governor Gavin Newsom on Tuesday unveiled a 2023 state budget proposal that includes significant cuts to climate investments due to an estimated budget gap of $22.5 billion for the 2023-2024 fiscal year....more

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