Money Held By The State Of California
Summary of the Governor's Proposed 2026-27 Budget
The Governor has proposed a budget for the 2026-27 fiscal year that includes General. Fund resources—carry-forward balance, revenues and ...
https://sbud.senate.ca.gov/system/files/2026-01/summary-of-the-governors-proposed-2026-27-budget.pdfNewsom set to unveil his last budget. An $18 billion deficit ...
Newsom's final year in office begins with an $18 billion deficit. How will he address it? Avatar photo by Yue Stella Yu January 6, 2026.
https://calmatters.org/politics/2026/01/gavin-newsom-politics-budget-deficit/California wealth tax proposal leaves billionaires with little ...
The proposed wealth tax would apply to those who are California residents as of Jan. 1, 2026, leaving billionaires little time to establish tax ...
https://www.cnbc.com/2026/01/08/california-wealth-tax-proposal-leaves-billionaires-with-little-way-out.htmlExpert Report On The California 2026 Billionaire Tax
Specifically, the proposed ballot initiative for the November 2026 election would impose a one-time 5% wealth tax on California billionaires, ...
https://eml.berkeley.edu/~saez/galle-gamage-saez-shanskeCAbillionairetaxDec25.pdfThe 2026-27 Budget: Overview of the Governor's Budget
January 12, 2026 Governor’s Budget Roughly Balanced on Higher Revenues. The administration projects the budget faces a roughly $3 billion deficit. This is lower than our November Fiscal Outlook estimate of an $18 billion deficit, for two offsetting reasons. First, and most importantly, the administration’s revenue estimate is considerably higher than ours because it does not incorporate the strong risk of a stock market downturn.
https://lao.ca.gov/Publications/Report/5101
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The 2026 Billionaire Tax Act, backed by a health care labor union, would impose a one-time 5% tax on residents worth more than $1 billion, ...
https://www.newsnationnow.com/business/your-money/billionaires-california-proposed-wealth-tax/Newsom faces another multibillion-dollar budget shortfall in his last year as California governor
Newsom faces another multibillion-dollar budget shortfall in his last year as California governor Posted Jan 9, 2026 02:13:39 PM. Last Updated Jan 9, 2026 05:01:58 PM. SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom’s office said the state faces a $2.9 billion budget deficit this year, an amount significantly lower than what legislative budget analysts projected.
https://halifax.citynews.ca/2026/01/09/newsom-faces-another-multibillion-dollar-budget-shortfall-in-his-last-year-as-california-governor/
Is California's proposed billionaire tax smart policy? History holds lessons - Los Angeles Times
Is California’s proposed billionaire tax smart policy? History holds lessons - Click here to listen to this article - - California’s proposed billionaire tax would impose a one-time 5% levy on residents worth $1 billion. - Critics cite failed European wealth taxes as cautionary tales, while the measure’s architects argue they’ve designed a stronger version that addresses past pitfalls.
https://www.latimes.com/california/story/2026-01-26/california-proposed-billionaire-tax-similar-measures-europe
The 2026 Medi-Cal Asset Limit Reinstatement: What You Need to Know
The 2026 Medi-Cal Asset Limit Reinstatement: What You Need to Know California’s Medi-Cal program is once again shifting course. Starting January 1, 2026, the state will reinstate asset limits for most older adults and individuals with disabilities seeking long-term care or other non-MAGI (non-Modified Adjusted Gross Income) Medi-Cal benefits.
https://www.andellaw.com/the-2026-medi-cal-asset-limit-reinstatement-what-you-need-to-know
A Look at New California Labor and Employment Laws for 2026 Holland & Knight LLP - JDSupra
The California Legislature has enacted several new laws that will impact the workplace in 2026. This Holland & Knight alert provides a brief summary of select employment laws that go into effect Jan. 1, 2026, unless stated otherwise. - Minimum Wage Increases.
https://www.jdsupra.com/legalnews/a-look-at-new-california-labor-and-3043676/