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State Budget Featured News
Los Angeles colleges resume $6-billion campus building projects
S&P issues warning on California finances
Facebook IPO could give California nearly $2.5 billion in five years
Recession slows growth in public prekindergarten
State revenue rises, but not enough to offset cuts
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Governor Newsom unveils revised state budget, prioritizing balanced ...
Governor Newsom’s revised balanced state budget cuts one-time spending by $19.1 billion and ongoing spending by $13.7 billion through 2025-26. This includes a nearly 8% cut to state operations and a targeted elimination of 10,000 unfilled state positions, improving government efficiency and reducing non-essential spending — without raising ...
The 2024-25 California State Budget Explained
The “solutions” in the 2024-25 budget package include: $16 billion in spending reductions. $13.6 billion from a combination of additional revenue (which is mostly temporary) and internal borrowing from state special funds. $6 billion in fund shifts, which transfer certain costs from the General Fund to other state funds.
2024-25 State Budget Proposal Protects Core Priorities and Ensures ...
2024-25 State Budget Proposal Protects Core Priorities and Ensures Fiscal Stability. January budget proposal closes a $37.86 billion shortfall while protecting key investments in education, public safety, addressing homelessness, mental health care reform, and climate action.
California Budget
Changes to the Governor's Proposed Budget based upon the latest economic forecasts.
Welcome to the Standing Committee on Budget and Fiscal Review
January 10, 2024 - Summary of the Governors 2024-25 Proposed Budget. January 01, 2024 - The 2024-25 Budget Implementation Update. Final Action Report - A Summary of the 2023 Budget Act. As of February 28, 2023, the Governor terminated the state's COVID-19 State of Emergency.
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