By @Ophelia Szigeti The California Department of Finance recently unveiled its Finance Bulletin for the month of August , shedding light on key economic indicators and fiscal developments. Among the highlights, the report underscores the state’s fiscal landscape, inflation trends,...
On Monday, July 10, Governor Newsom signed his infrastructure streamlining package into law.The package will accelerate critical infrastructure projects and help California achieve its climate and clean energy goals. The package was originally introduced as 10 budget trailer bill proposals in an...
On the night of Tuesday, June 27, Governor Newsom announced signing SB 101 (Skinner), the legislative budget bill for 2023-2024. The announcement brings an end to weeks of intense negotiations between the Governor and the Legislature, particularly regarding infrastructure proposals and an...
CSDA has submitted a formal letter in support of Governor Gavin Newsom’s budget trailer bill package relating to infrastructure as well as a letter requesting key actions related to the homelessness crisis facing our communities and impacting the services of special districts. Meanwhile, the...
On Friday, May 19, Governor Gavin Newsom announced new permitting and project reforms, called “Build More, Preserving Jobs” or “BUILD”. Details for his proposal are outlined below. The Governor has released Budget Trailer Bill Language (TBL) on ten proposals and is seeking passage in conjunction...
On Friday, May 12, Governor Newsom released the 2023-24 May Revision to his state budget proposal. When the Governor released his budget proposal in January there was a projected $22.5 billion deficit to the state budget. The May Revision also recorded an additional $9.3 billion revenue...
The California Legislature adjourned on Wednesday August 31. This was the last day that for each house to pass bills. For those bills that passed, Governor Gavin Newsom now has until September 30 to sign or veto bills that are in the Governor’s possession. Numerous priority bills passed before...
On Thursday, June 30, Governor Gavin Newsom signed a $308 billion State Budget and an additional 29 budget trailer bills. Over the June 25-26 weekend, the Governor and legislative leadership came to an agreement on the budget framework and supplemental budget bills were heard the following week....
With two days to spare, the California State Legislature met its June 15 constitutional deadline for passing a balanced State Budget. Senate Bill 154, titled “The Budget Act of 2022”, cleared both the State Senate and Assembly June 13 on party-line votes. However, SB 154 only represents an...
The California State Assembly and Senate Committees on Appropriations each held their respective hearings May 19 to decide which fiscal bills would move forward and which would be held in committee under submission, effectively dead. CSDA monitored both hearings and is pleased to report out the...