California Gov. Newsom Signs $351.7 Billion Budget with New Software Taxes
By
Michael J. Bologna
Summary
California Governor Gavin Newsom signed the state's $351.7 billion budget for the upcoming fiscal year, which includes new taxes on software and managed care organizations. The budget balances spending over two years while maintaining over $30 billion in reserves. Newsom, who is term-limited and expected to run for president, signed nearly a dozen bills to implement his budget strategy.
Source
bskyCalifornia Gov. Newsom Signs $351.7 Billion Budget with New Software Taxesnews.bloombergtax.comKey quotes
· 1 pulledWe're leaving California stronger than we found it
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