California Tax Deal Advances While Broad Budget Talks Continue

June 12, 2020, 6:27 PM

A package of corporate tax increases is part of a new California budget that lawmakers plan to send to Gov. Gavin Newsom in time to meet a June 15 deadline.

The Senate Budget Committee approved a bill with tax policy changes Friday with a 12-5 vote. The full Senate and Assembly plan to vote Monday on the bill as part of a larger budget package and send the measures to Newsom (D) even though they haven’t reached an agreement with him on the overall budget.

They’ve decided not to wait for those negotiations because if ...

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