News & Analysis as of

Governor Newsom State Budgets

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

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

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

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

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

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

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