January 31, 2022
Weideman Group Weekly
Early Budget Action
Governor Newsom, Assembly Speaker Anthony Rendon, and Senate President pro Tem Toni Atkins announced an agreement on a framework to extend paid sick leave amid the surge caused by the omicron variant. The agreement will allow employees to access supplemental paid sick leave through September 30, 2022. Additionally, they announced there will be early budget action on small business tax credits, research and development tax credits, and net operating losses. Further details on the exact framework are forthcoming and dedicated budget hearings on these proposals will be held before they go to a full house vote.
Weideman Group Clients Recognized
Weideman Group is proud to report that several of our clients - Autodesk, BYD and Prologis – have been named among the 100 most sustainable corporations of 2022. The list, published by Corporate Knights, is based on an assessment of about 7,000 public companies with revenue over $1 billion.
The California Public Utilities Commission is facing mounting criticism over a proposed decision that would significantly reduce the benefits of installing rooftop solar panels on homes. The solar industry has enlisted high profile players to weigh in on the issue, including U.S. Senator Diane Feinstein who urged the CPUC to reconsider the proposal and former California Governor Arnold Schwarzenegger who penned an op-ed against the proposal. Opponents of the plan have also turned up the heat with TV and radio ads against the proposal and are considering a ballot measure to block the CPUC from taking action. Supporters of the CPUC proposal argue that financial incentives designed to encourage residents to install solar are essentially subsidies coming from low income earners who could never afford solar in the first place.