KSC Updates

The Supreme Court made headlines on April 12, 2024, after publishing its opinion in Sheetz v. County of El Dorado, California, where it evaluated whether the County violated the 5th Amendment takings clause by charging the landowner (Sheetz) a traffic impact fee as a condition for granting him a residential building permit. Sheetz paid under protest and sued in state court, arguing the fee violated the 5th Amendment takings clause.

On January 18, 2024, the United States Supreme Court heard oral arguments in the case Relentless, Inc. v. Chamber of Commerce. The key issue before the Court is whether Chevron, U.S.A, Inc. v. NRDC, Inc. (1984) 467 U.S. 837 should be overturned or clarified.

The requirements of the Corporate Transparency Act (CTA) took effect on January 1, 2024. Passed in 2021, the CTA mandates

This week, Governor Newsom presented his proposed $291.5 billion budget, which includes $223.6 billion from the General Fund. The Budget anticipates a $37.9 billion budget shortfall, for which the Governor points to a decline in stock market returns in 2022 and a delay in income tax collections, following an IRS extension (impacting the May revision from the current year budget), as the major causes.

This week, Governor Newsom presented his proposed $291.5 billion budget, which includes $223.6 billion from the General Fund.