News

As 2025 is winding down so is our schedule of Zoom interviews with candidates for statewide offices.

Earlier this week the Legislative Analyst’s Office (LAO) issued its annual Fiscal Outlook. This year’s edition is the gloomiest I’ve read during an economic expansion.

No sooner had Gov. Gavin Newsom spearheaded Proposition 50, the congressional redistricting measure that defuses the bomb tossed by President Donald Trump and Texas Gov. Greg Abbott, than he found himself dealing with two other explosive devices.

Linked here is an updated schedule of Zoom interviews with candidates for statewide offices, including three this week.

Occasionally I get inquiries from donors asking how they should respond to requests for support from other organizations that they worry might duplicate what GFC does. Recently I responded to one such request as follows…

Earlier this week in Sacramento, a wealth tax initiative was filed that would impose an excise tax in 2026 on “excessive accumulation of wealth,” which is defined as $1 billion or more.

Yesterday was the deadline for CA Governor Gavin Newsom to take final action on bills passed by the 2025 Legislature. He signed 794 and vetoed 123. Since taking office in 2019, Newsom has now signed 5,710 bills and $1.942 trillion of budgets. How has California performed since he took office?

Thanks in large part to 500 letters of opposition from members of the GFC Network, yesterday Governor Newsom vetoed AB 699, a bill that would have blinded voters to the costs of tax and bond ballot measures.

Last week the CA Legislature adjourned its 2025 session during which legislators introduced ~2400 bills and passed ~800 that Governor Newsom has until October 13 to sign or veto. We didn’t have a particularly good year. I’d give it a “C” grade.

GFC has sent the following letter to Governor Newsom requesting a veto on AB 699.