Bloomberg Tax
March 16, 2023, 9:23 AM

California Privacy Agency Seeks Full Funding Amid Shortfall

Titus Wu
Titus Wu

The California Privacy Protection Agency likely won’t be affected this year by the state’s projected $22.5 billion state budget deficit, but the shortfall has opened up debate on the financial resources required for the first-in-the-nation privacy agency as it oversees Big Tech firms.

The agency, founded by the voter-passed California Privacy Rights Act in 2020, is still in the process of rulemaking and starting operations. As a result, the agency has never had to use the full annual $10 million plus cost-of-living adjustments allocated to it under the Privacy Rights Act.

But with enforcement of the updated law starting in ...