The October California Legislative Update provides a broad review of bills that were signed into law by Califonia’s Governor, Gavin Newsom.
Avenu Co-sponsored Pre-Paid Wireless Bill Signed by the Governor: On October 08, 2019, the Governor passed the Local Prepaid Mobile Telephony Services Collection Act.
Governor’s Office of Business and Economic Development: The Legislature’s budget approves a total of $100 million to support the California Infrastructure and Economic Development Bank’s loan guarantee program that provides financial assistance to small businesses.
Clean Cars by 2035: The executive order requires that all new cars and passenger trucks sold in California must be zeroemission vehicles by 2035.
Medicaid Fiscal Accountability Regulation: Medicaid Director Seema Verma announced that, concerns that have been raised and they will be removing the Medicaid Fiscal Accountability Regulation from the regulatory agenda.
The June California Legislative Update covers the passage of the state budget and a number of bills related to the CARES Act. staff is currently monitoring 15 bills that seek to modify existing local taxes and impose new fees. This update provides the latest information on this legislation as well.
On June 15th, the Legislature passed the State Budget Act for the 2020-21 fiscal year. Our understanding is that the Legislature and Administration have not yet reached a final agreement; however, they have agreed to continue discussions and keep working on a compromise. The Budget Act and two trailer bills were sent to the governor and are further described in this report.
Governor’s Office of Business and Economic Development: The Legislature’s budget approves a total of $100 million to support the California Infrastructure and Economic Development Bank’s loan guarantee program that provides financial assistance to small businesses.
Revenues: The provisions of AB 85 include a total General Fund benefit of approximately $4.4 billion in the 2020-21 fiscal year.
Read the full June California Legislative Update Here.