Beverly Hills Chamber Of Commerce - Government Affairs Update

Get involved with the Chamber to stay updated on the many policy issues that are impacting the business community. Get connected with the Chamber at  www.beverlyhillschamber.com.

California Stares Down $25B Deficit After Years of Record Cash
California not long ago was reveling in a record budget surplus. Now the Legislature’s fiscal analysts are projecting a $25 billion deficit next fiscal year as tax revenues decline. The nonpartisan agency on Wednesday put the Capitol on alert by recommending state lawmakers cut spending when they reconvene in January and potentially change some already-budgeted funding in order to avoid the shortfall.

University of California Workers End Strike After Approving Contracts
On Friday December 23, striking graduate students at the University of California approved a bargaining agreement ending an unprecedented 40-day strike that snarled classes at the prestigious university system. Union representatives said a majority of striking graduate students and teaching assistants approved two contracts to formally end the work stoppage. Wages will rise up to 80% for some of the lowest-paid workers, with all workers seeing a boost in pay, union representatives said. The contracts also improve benefits to help workers cover childcare expenses and health costs and will help intentional students.

Governor Newsom Eyes Sacramento Mayor For Key Judgeship
Governor Newsom is vetting Sacramento Mayor Darrell Steinberg for a judicial post, an appointment that could prompt a special election for the leader of California’s capital city. The California State Bar emailed confidential questionnaires to several members last week asking them to evaluate Steinberg, a Democrat, as part of the official state vetting process for judicial nominees. According to the email obtained by POLITICO, Newsom is considering Steinberg for the Third District Court of Appeals in Sacramento. Steinberg spent 14 years in the California Legislature, first in the Assembly and then the Senate, where he led the body as president pro tempore. He is serving his second term as Sacramento mayor and had previously said he was not interested in seeking a third term in 2024.

Attend our Next GAC Meeting on January 19th

Please attend the Chamber’s next Government Affairs Committee meeting Thursday, January 19 at 4 PM at the Chamber Boardroom.

We have an action-packed meeting lined up, including the following:

- Review New California Laws Taking Effect In 2023

- Update on key policy and community developments relating to the City of Beverly Hills

- Update on Federal Laws That Will Impact The Business Community

Attendance is complimentary for Chamber members. To register, please click here or Contact: Greg Sefain, Economic Development Manager; [email protected]

Click here for More Information About Beverly Hills Chamber Of Commerce - Government Affairs Update - January 4, 2023