#CABudgetUpdate: Democratic leaders of California's State Senate recently released a state budget plan.
The plan puts a spotlight on state reserves, a topic we’ll be hearing more about in the coming weeks.
🔍 New to reserves? Our video explainer covers the basics.
www.youtube.com/watch?v=-ax8...
Recap of this week's California state budget developments, by @jasonsisney.bsky.social. open.substack.com/pub/jasonsis...
Around half of all profitable corporations in California pay a state tax bill of just $800.
Meanwhile, working people pay taxes on hard-earned dollars to support quality schools, safe roads, and our safety net.
It's time corporations pay their fair share.
calbudgetcenter.org/resources/5-...
It's legacy time for Gov. Newsom. The final state budget battle of his career. How, and for what, does he want to be remembered? Who will he stand with — and what will he stand for? We're about to find out.
#CABudget #CALeg @governor.ca.gov
"But Schultz, along with four other lawmakers who attended the private meeting, left with the sense that the governor may be leaving Democrats some room to press alternatives to cuts, particularly in the “gray area” of closing tax loopholes."
www.politico.com/newsletters/...
“Work Requirements” Is Just Another Name for Cuts
The research is consistent: they do not increase employment. Most people who can work, already do.
Instead, work they lead to people losing benefits due to rigid reporting systems & paperwork.
⚡ Read more: calbudgetcenter.org/news/work-re...
“H.R. 1 has put state leaders in a really tough spot. Introducing creative solutions — like ensuring that data can be shared across agencies, & the burden is removed off of the individuals — is a really good way to try to mitigate this harm,” says @msaucedo.bsky.social.
www.kqed.org/news/1207849...
On this Transgender Day of Visibility, we want to say, thank you for existing.
Whether you’re trans-masc, trans-femme, trans nonbinary, or intersex—we recognize you, & appreciate you for honoring and nurturing your authentic self.
Thank you for existing. The world is better because you are in it.
Some of the world’s most profitable corporations claimed California research and development tax credits, which cost the state more than $2.5 billion in 2023 alone.
calmatters.org/commentary/2...
No one should take at face value the Trump Admin's claims it just wants to reduce #Medicaid fraud. Actual goals: (1) punishing politically disfavored states (2) justifying the largest Medicaid cuts in history in H.R. 1 and (3) justifying further Medicaid cuts including capping federal funding. (1/2)
Nishi Nair of @calbudgetcenter.org noted that as affordability pressures rise, “expanding CA's young child tax credit ( #AB1960 ) to support more families with low incomes is vital right now.”
Refundable tax credits pull families out of poverty,” yet about 60% of low-income families are excluded.
Cuts to #Health4All proposed by @cagovernornewsom.bsky.social—both in this year's budget & last year's—are making Medi-Cal unequal, as undocumented immigrants are being cut off from services.
“They’ll be paying more for worse & more precarious coverage,” said our policy director, Diana Douglas.
Large profitable corporations have strategies to avoid paying more than the minimum $800 state tax, costing the state billions in lost revenue each year.
Reining in corporate tax breaks & strengthening California’s revenue base is long overdue.
⚡ Learn more: https://bit.ly/4lszM7O
Thousands of mixed-status California families could lose housing under proposed federal rule
“It takes the state to step up in a lot of ways & to really protect immigrant communities who are being disproportionately impacted right now,” says @mmdavalos.bsky.social.
www.eltimpano.org/newsletter/t...
Did you know? HHAP remains core to addressing homelessness in California.
The prominence of operating costs — for both permanent and interim housing — makes clear that HHAP now funds core system functions, despite being designed as a temporary resource.
With earnings season now underway, dozens of huge corporations have disclosed paying single-digit federal income tax rates thanks to tax cuts included in President Trump’s “One Big Beautiful Bill.”
itep.org/corporate-ta...
Corporate tax avoidance has already surpassed $71 billion for 2025 – and counting.
Our new tracker shows the dozens of huge corporations paying little to no federal income taxes with the help of Trump's tax cuts.
itep.org/corporate-ta...
"California has built a reputation as a bulwark against President Donald Trump’s agenda. But when it comes to the state budget — California’s most powerful tool for change — that resistance fades," writes @chrishoene.bsky.social.
calmatters.org/commentary/2...
Newsom’s last budget, which will be finalized later this year following negotiations with legislative leaders, will answer that question and determine if the promise of a “California for All” is met through real action or if it’s kicked down the road, to his successor.
calmatters.org/commentary/2...
CBPP's Will Fischer on HUD's proposed rule that would force 20,000 families with mixed immigration statuses to choose between losing the assistance that helps them pay rent every month or separating their family (via X): x.com/WillPFischer...
H.R. 1’s SNAP Rules Will Harm Californians Experiencing Homelessness
calbudgetcenter.org/resources/h-...
NEW: Timeline of Funding Cuts to Medi-Cal and CalFresh in California calbudgetcenter.org/resources/ti...
This week, our own @hannahorbachmandel.bsky.social and @chrishoene.bsky.social briefed the Progressive Caucus on how H.R. 1 would impact Californians, how the proposed #CAbudget responds, and which provisions pose the greatest harm.
Water’s Edge: Closing the Largest Corporate Tax Loophole in California
calbudgetcenter.org/resources/wa...
NEW: Timeline of Funding Cuts to Medi-Cal and CalFresh in California calbudgetcenter.org/resources/ti...
Four of the corporations whose CEOs flanked President Trump at his 2025 inauguration ceremony have now disclosed that they collectively received $51 billion in federal tax breaks in 2025, much of that likely from the Republican megabill H.R. 1.
Read more at: itep.org/trump-meta-t...
“A common sense place to start is by eliminating corporate tax loopholes & ensuring that highly profitable corporations pay their fair share in state taxes,” says our own @hannahorbachmandel.bsky.social.
Adding that California loses out on billions annually because of the "water's edge" provision.
As a California state budget nerd, I can't help but love this! @calbudgetcenter.org
