Gov. Gavin Newsom did not commit to having $500 million from Silicon Valley companies included in the coming year's spending plans.
Newsom said the state’s housing problems had been exacerbated by the growth of technology companies, which have fueled an increase in jobs without corresponding growth in homebuilding.
Gov. Gavin Newsom wants the tech industry to help pay for new housing. But not for the neediest Californians » Later in January, Newsom said he hoped to announce a deal with tech leaders that would outline their contributions within four to six months. “I said I wanted it to happen,” Newsom said. “I didn’t say it would happen. I said, ‘I'm hoping it happens.’ By the way, we’re doing pretty good on our hopes and expectations. So stay tuned. I can't do everything in the first 120 days.”
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Gov. Gavin Newsom faces a big political test as he shapes his first California budgetDemocrats not only have historic dominance in Sacramento, they will also craft a California budget over the next few weeks with an equally historic abundance of tax revenues. It's likely to be a major political test for Gov. Gavin Newsom.
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Gov. Gavin Newsom wants to double spending on homelessness — to $1 billionInsisting that a fiscally responsible government can also aid those in need, Gavin Newsom sent lawmakers a budget that builds on his earlier efforts to address poverty and homelessness while forecasting the largest tax revenue windfall in state history
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Newsom wants companies collecting personal data to share the wealth with CaliforniansNewsom has assigned a team to work with national data scientists and legislators to create a “data dividend” — a payment that businesses would make to the state or to consumers if their personal data are sold.
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California governor unveils record $213 billion budget, says $70 billion recession could hit coffersCalifornia Gov. Gavin Newsom, in his revised state budget released Thursday, proposed a record-setting $213.5 billion spending plan for the upcoming fiscal year — that's a 2% increase over his January budget.
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No more sales taxes on diapers and tampons under Gov. Gavin Newsom’s proposed budgetEmbracing an idea advocates say will help struggling California women and families, Gov. Gavin Newsom on Tuesday proposed eliminating sales taxes on purchases of diapers and menstrual products — proposals that his predecessor rejected.
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Pot bust: California dramatically cuts marijuana tax revenue projectionsThe Newsom administration is sharply scaling back what California expects to collect in cannabis tax revenue through June 2020.
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Silicon Valley's health-tech start-ups need to stop getting in so much troubleInstead of fixing the health system, Silicon Valley start-ups just keep inviting controversy.
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