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Governor Newsom Reveals Spending Plan Amid Budget Deficit

SB 939 leases

Governor Newsom Reveals Spending Plan Amid Budget Deficit State Legislation As he reveals his spending plan for the upcoming fiscal year, Governor Newsom has revealed the California budget deficit has risen to nearly $32 billion.  While his spending plan would balance the budget for 2023-2024, experts worry it could increase the deficit in the following…

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BOMA/GLA Visits Sacramento

BOMA/GLA members pose in front of the Sacramento Capitol Building

Last week, BOMA/GLA joined other commercial real estate groups to participate in CBPA’s California Commercial Real Estate Summit. It was a chance to speak to lawmakers in Sacramento about bills affecting our industry.

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Southern California Braces for More Unprecedented Water Cuts

california drought

After months of poor weather and climate, Southern California is set to experience some of the state’s worst water restrictions. Unfortunately, the region’s water supply isn’t expected to get better anytime soon. According to NOAA’s weekly report the US Drought Monitor, 93% of California is experiencing a severe drought. Additionally, 35% is currently in extreme …

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