November 20, 2021
Weideman Group Weekly
The Legislative Analyst’s office released the projections for the 2022-2023 budget year forecasting that California will see a budget surplus of about $31 billion. This number does not take into account additional federal money the state will receive from recently passed infrastructure legislation. The LAO also estimates that the state will need to spend about $14 billion to meet the State Appropriations Constitutional Limit, which means this money needs to be spent on infrastructure, education or tax rebates for Californians. The Governor will release his budget proposal for the 2022-2023 year in early January.
Governor Newsom announced the first 18 broadband infrastructure projects that are part of the state’s $6 billion investment to close the digital divide. The projects represent a diverse set of regions and routes across the state, including in tribal communities, and focus on unserved and underserved areas with middle mile infrastructure to bring download speeds of 25 Megabits per second. More information on the projects can be found here.
California Gears Up to Spend Big on ZEVs
California agencies formally adopted investment plans to allocate nearly $3 billion in funding included in the state budget to support the state’s transition to zero emission vehicles. The California Energy Commission approved a three-year $1.4 billion plan for ZEV infrastructure and manufacturing on Monday. The California Air Resources Board - from the Mary D. Nichols Campus, its new Southern California Headquarters dedicated on Thursday - approved a $1.5 billion investment plan to support clean vehicle incentives. Weideman Group’s Ryan McCarthy was on hand for the dedication, proud to have served as Mary Nichols’ chief advisor for 8 years.
New Assembly Committee Chair
Assemblymember Marc Berman will take over as Chair of the Assembly Business and Professions Committee. Berman was previously Chair of the Assembly Elections committee. He succeeds Evan Low who will no longer serve on the B&P committee.