Topic: Business Climate
News
May 19, 2017

Since Fiscal Year 1984-1985, real special fund expenditures have ballooned a whopping 447 percent or about 6 percent, on average, per year.  In Governor Brown’s budgeting era, more and more of the budget is locked into these special funds. The May Revise pegs total special fund expenditures at $56 billion for Fiscal Year 2017-2018, about 50 percent higher than Arnold Schwarzenegger’s last budget and more than double Gray Davis’ last budget.  Moreover, we’ve seen a rise in the share of special fund spending to overall expenditures. The May Revise has special fund spending accounting for almost one-third of overall expenditures. This is not an anomaly for Governor Brown.  On average, real special fund expenditures have been 28 percent of overall spending during his last two terms – the highest of recent Governors. 

News
May 19, 2017

The U.S. economy isn't growing very fast these days. Some state economies are, though! The fourth-quarter state gross domestic product data, out Thursday from the Bureau of Economic Analysis, has Texas, Utah, Florida and Washington leading the way, all with annualized real GDP growth of more than 3 percent in the fourth quarter. Also growing at faster than 2.5 percent: the District of Columbia, California, Idaho and Oregon.

News
May 19, 2017

AB 5, authored by Assemblymember Lorena Gonzalez-Fletcher (D-San Diego) and Assemblymember Ash Kalra (D-San Jose) prohibits California businesses with as few as 10 employees from hiring part-time help until those work hours have been offered to existing employees. Under this bill, if a company has offices in Northern and Southern California and the office in Irvine has a growing workload and needs to hire

Under this bill, if a company has offices in Northern and Southern California and the office in Irvine has a growing workload and needs to hire extra help they would be precluded from doing so until the extra hours were offered to existing employees in Lodi. Yes, this is an actual bill and two Legislators put their names on it.

News
May 12, 2017

California Gov. Jerry Brown released a revised, $180 billion budget proposal Thursday that closely mirrors his January plan, maintaining a cautious approach amid uncertainty about the direction of the economy and possible federal actions that could hurt the state’s bottom line.

News
May 12, 2017

Advocates for expanded child care and kindergarten and other services were buoyed when Legislative Analyst Mac Taylor opined that Brown’s overall revenue estimates through the 2017-18 fiscal year were “probably too low.”

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May 19, 2017 / Natalie Kitroeff

May 19, 2017 / Ben Leubsdorf