California Budget
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California tax receipts top forecast by $2.9 billion in September as warnings about a fragile base persist
Strong corporate and income tax payments put the state $5.5 billion ahead of budget projections since April, even as the Legislature’s fiscal adviser cautions that the gains rest heavily on…
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California’s tax on software subscriptions leads $14.3 billion in new levies, taxpayer group says
A California Tax Foundation tally finds that Gov. Gavin Newsom and the Legislature approved 67 tax and fee increases over the two-year session, led by a law that extends the…
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California’s own software flagged 28,000 Medi-Cal providers as high risk. It followed up on about 2,000.
A new state audit, two federal inspector general reports and the health department’s own figures show how Medi-Cal’s fraud defenses have not kept pace with a program that now costs…
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Chip stocks’ eight-day slide tests Silicon Valley, and California’s budget
A sell-off that has erased trillions of dollars in semiconductor market value has fallen hardest on the Bay Area’s largest chipmakers, renewing warnings about how closely Sacramento’s revenues track the…
