#california-budget

#california-budget

But the boom raises questions: Will it continue to be accompanied by a decline in tech and other jobs? Is it a bubble? RELATED: AI regulation battle looms in California despite Trump threats Tax revenue from stock-option withholding paid by some of the state's biggest tech companies made up about 10% of all income tax withholding in 2025, estimated Chas Alamo, the principal fiscal and policy analyst with the LAO.

Carin Lenk Sloane never considered moving abroad before, never imagined she even would. Sloane is one of roughly two million Californians who buy insurance through Covered California, the state's marketplace - and one of many who could see steep price hikes now that Congress has ended the shutdown without striking a deal on health care.

Assembly Speaker Robert Rivas emphasized that the budget protects California by cutting red tape for housing, preserving investments in health care, education, and public safety.

The agreement avoids higher levies on corporations and includes tax incentives for the film industry as well as cuts to some social programs.

The suspense files are where the appropriations committees send bills that would cost the state at least $50,000 in the Senate and $150,000 in the Assembly.

In this environment, California must lead. State leaders can do this by boosting revenue streams and making the tax system more fair.