Newsroom

California tax revenue billions higher than expected, thanks in part to federal help

[Source: Sacramento Bee] From July through September, California collected $8.7 billion more in tax revenue than anticipated, according to the state’s Department of Finance, a bright sign amid a year of devastating economic news. The numbers (http://www.dof.ca.gov/Forecasting/Economics/Economic_and_Revenue_Updates/documents/2020/Oct-20.pdf) reflect the positive effect of federal aid, which came in the form of one-time $1,200 checks for individuals Read More…

Emergency COVID-19 rules coming soon

[Source: CalChamber] In November the Cal/OSHA Standards Board is expected to vote on emergency COVID-19 regulations Petition 583 (https://www.dir.ca.gov/oshsb/petition-583.html) that will not be made public until five days before the Board vote, Moutrie tells Frank. While the specifics of the regulations are not yet known, employers can expect them to be far reaching, affecting all Read More…

Court allows Exide to abandon a toxic site in Vernon. Taxpayers will fund the cleanup

[Source: Los Angeles Times] A bankruptcy court ruled Friday that Exide Technologies may abandon its shuttered battery recycling plant in Vernon, leaving a massive cleanup of lead and other toxic pollutants at the site and in surrounding neighborhoods to California taxpayers. The decision by Chief Judge Christopher Sontchi of the U.S. Bankruptcy Court District of Read More…

Prop. 15 would threaten small businesses and hinder economic recovery

[Source: CalMatters] I’m not going to write about the “new normal” resulting from COVID-19. While the topic is ever-present, what dominates my time and energy is creating a predictable and positive business environment to help small businesses get back on their feet. Small businesses, particularly minority-owned small businesses, are the lifeblood of California’s economy. A Read More…