Posts by Edelstein Gilbert Robson & Smith

Last week, Governor Newsom unveiled his proposed $227 billion 2021-2022 budget. As the Governor noted himself, the last 12 months have been a financial roller coaster for the state.  Coming into 2020, the Governor enjoyed a large budget surplus and healthy reserves.  Soon after the state’s response to the pandemic intensified in March, revenues were…

The state’s financial distress, brought on by our response to COVID-19, was arguably the largest issue facing the California Legislature in 2020.  With the Governor laser focused on the response to the pandemic, the Legislature was able to assert itself on budget issues in a way that it hasn’t in a decade. According to a recent budget…