Grace Gedye

In 2023, companies with at least 15 workers will need to add pay ranges to job postings. Larger companies will also have to report more data to the state.

Here are the basics of the new windfall profit tax Gov. Gavin Newsom proposed, and how similar taxes have worked in the past.

Californians who don’t file taxes — because they don’t earn enough to owe any — won’t receive the new round of state payments. That includes some seniors and disabled people, as well as some of the lowest-income adults.

California has almost $20 billion of debt from the surge in unemployment claims during the pandemic, more than any other state. One reason is California’s higher unemployment rate; another is that employer taxes haven’t kept up with increasing benefits. Now, employers will see an automatic tax increase to start paying off the debt, and Newsom has proposed spending $3 billion in state funds to reduce the debt.