Tom Sheehy returns to the Point of Order podcast to discuss the Governor’s May Revision with Assemblyman Josh Hoover.
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Discover the pivotal role of the California State Controller's Office in managing the state's finances and fostering economic stability. Led by Democrat Malia M. Cohen, the Controller oversees a myriad of financial functions crucial to the world's fifth-largest economy.
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Discover the pivotal role of the California State Treasurer's office in our latest explainer video. Established in 1849, the Treasurer oversees the financial helm of the world's fifth-largest global economy.
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Assemblymember Josh Hoover and budget expert Tom Sheehy discuss all things budget including his experience crafting fiscal policy for multiple governors, how the state budget process works, the nonpartisan Legislative Analyst Office’s estimates, and predictions for California in the coming year.
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California state government revenues are almost impossible to forecast at this point. At least as it relates to the personal income tax we simply don’t know how much money the states going to have. And personal income tax matters because it makes up almost 2/3 of the state general fund budget.
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In our ongoing explainer video series, the Sheehy Strategy Group unravels the significant roles played by California's key governmental agencies. Our latest video delves into the Legislative Analyst's Office (LAO), an essential nonpartisan agency that provides objective fiscal and policy analysis to the State Legislature.
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In our new explainer video series, the Sheehy Strategy Group delves into the essential functions of California's governmental bodies. Our first video takes a closer look at the California Department of Finance (DOF), where SSG Principal and Founder Tom Sheehy served as Chief Deputy Director.
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“The State of California's budget situation is in really murky waters,” says former Chief Deputy Director of the California Department of Finance, Tom Sheehy, Principal and Founder of Sheehy Strategy Group. “When the country gets a financial cold, California gets a severe case of influenza. We are very sensitive to changes in the economy.”
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On April 4, 2022, Tom Sheehy, testified before the California State Assembly’s Revenue and Taxation Committee in support of Assembly Bill 2065. The measure, authored by Assembly Member Blanca Rubio, will help California’s businesses to recover from COVID by reinstating the net operating loss (NOL) tax deduction for the 2020 and 2021 tax years.
Read MoreFormer Chief Deputy Director of Finance for Governor Schwarzenegger, Tom Sheehy, discusses the fiscal crisis CA is rapidly descending into and what to expect.
Read MoreTom Sheehy’s analysis on the 2020-21 Governor’s Budget & CA economy, as well as the potential landmines that could hurt the CA fiscal condition and why tax policy matters.
Read MoreGovernor Jerry Brown left his successor in office, Gavin Newsom, a great gift: a balanced budget with a several billion-dollar operating surplus and a $15 billion rainy day fund to boot.
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