#2025-26-state-budget
#2025-26-state-budget
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#california #california-budget #california-politics #eric-swalwell #gavin-newsom #california-governor-race
Washington DC
fromFortune
6 hours ago'We have to be able to walk and chew gum' on government spending, says budget chairman, addressing both debt crisis and national security demands | Fortune
The U.S. government faces funding challenges for mandatory spending and military endeavors, with disagreements over DHS funding complicating the budget process.
fromLos Angeles Times
1 day agoLAUSD strike still on for Tuesday despite tentative agreements with two of three unions
The protracted talks means that families of 390,000 students still must scramble to make contingency plans for their children Tuesday - and some 70,000 workers, including teachers and school principals, don't know if they will be at work or on a picket line.
Education
SF politics
fromLos Angeles Times
4 weeks agoEliminating a corporate tax break is pitched as a way to make up for federal healthcare cuts
California lawmakers propose repealing a tax break allowing multinational corporations to exclude foreign subsidiary income from state taxation, potentially generating billions in annual revenue.
SF politics
fromwww.ocregister.com
1 month agoSacramento Snapshot: Could California pause the gas tax or start charging drivers fees based on mileage? A look at dueling proposals in the statehouse
California Republicans are pushing to suspend the state gas tax for one year, citing a perfect storm of affordability crisis, Middle East tensions, and refinery closures that may increase legislative support.
fromwww.mercurynews.com
1 month agoWalters: Could taxing multinational corporations erase California's budget deficits? Not likely
The state budget's chronic gaps between income and outgo $125 billion over the last few years, according to the Legislature's fiscal advisor have left Gov. Gavin Newsom and legislators scrambling for ways to clean up the state's finances. Newsom has so far shunned new taxes to close the gap, even trying to sidetrack a tax on the assets of billionaires that may appear on the November ballot.
California
California
fromFortune
2 months ago'You are really playing with fire with this one': California billionaires tax ignites, pitting labor unions and voters against tech execs | Fortune
A proposed one-time 5% tax on California billionaires' assets has triggered political conflict, relocation threats from tech leaders, and heavy campaign spending.
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