by Edelstein Gilbert Robson & Smith, LLC  This was a busy week in Sacramento. The Legislature passed a budget, acted on several high-profile bills, and the Assembly adjourned for a summer recess.  Oversight? When the Legislature returned several weeks ago despite the guidance of public health officials to keep nonessential workers home, we explained that…

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The Governor and the Legislature continue to negotiate on a budget that would resolve the state’s $54 billion deficit. The state Constitution requires the legislature to pass a balanced budget by June 15 or not get paid. Recognizing this leadership in the Assembly and Senate announced Wednesday that they would adopt their version of the…

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As we have reported previously, Governor Newsom released his May Revision to the Budget on May 14, announcing that the state is facing a $54 billion deficit.  The May Revise proposes to balance the budget with a mix of reserves, internal borrowing, federal funding, and short-term revenues.  However, the backbone of the Governor’s May Revise…

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