Senate Bill 132 Extends Pass-Through Entity Elective Tax Through 2030
Governor Newsom signed California Senate Bill 132 (SB 132) into law on June 27, 2025, extending the pass-through entity (PTE)...
California’s 2025‑26 Budget Adds Nearly $10 B in New Borrowing, Pushing Debt Over $22B
California’s 2025–26 budget introduces nearly $10 billion in new borrowing, raising the state’s total outstanding state debt to more than...
Study Shows More Californians Leaving the State Due to Rising Taxes and Cost of Living
A new study shows California continues to lose residents at one of the highest rates in the country, with rising taxes and cost-of-living pressures driving families and businesses to leave the state.
New Report Shows California Gas Taxes Among Highest in the Nation—With More Increases Coming
A new report finds California gas taxes remain among the highest in the country, with automatic increases still scheduled. Analysts warn the rising costs are hitting working families and small businesses hardest.