Gavin Newsom presented a $291 billion spending plan to the California Legislature on Jan. 10 that includes a $37.9 billion deficit, which he hopes to bridge through the use of reserves and moderate cuts to some programs.
California Controller Malia M. Cohen wants Congress to change the tax code to cap deferred payments, a change that could ensure the state is owed more money from Shohei Ohtani.
If Ohtani is not living in California at the time he receives the deferred money, he potentially could avoid what currently is the state’s 13.3% income tax and 1.1% payroll tax for State Disability Insurance