California Governor Gavin Newsom released the “May Revision” to the state budget on Friday. The May Revision, or “May Revise,” takes into account actual state revenues collected through April....more
Governor Gavin Newsom has unveiled his January budget proposal, which authorizes $291.5 billion in spending, significantly less than the $310.9 billion budget plan enacted just six months ago. To balance the proposed...more
After around-the-clock weekend negotiations between Democratic legislative leaders and Governor Gavin Newsom, working against a looming June 30 constitutional deadline, leaders announced a budget agreement late Monday night....more
California Governor Gavin Newsom has released his “May Revision” budget, which updates his initial FY2023-24 budget proposal released in January. His updated budget totals $307 billion--$10 billion more than he proposed in...more
California Governor Gavin Newsom has unveiled his May Revision to his January $297 billion spending proposal for FY2023-24. His new proposal totals $307 billion and addresses a projected $31.5 billion deficit, a $9 billion...more
Governor Gavin Newsom, Assembly Speaker Anthony Rendon and Senate President Toni Atkins have reached agreement on a more than $300 billion “budget framework” for the state’s 2022–23 budget. The full Legislature must approve...more
6/29/2022
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California legislators have passed a 2022–23 spending proposal. This year’s budget measure, Senate Bill 154, totals over 1,000 pages. The Senate voted 28 to 8 to send the budget to Governor Newsom. The final Assembly vote was...more
California’s New Budget Commits the State to Record Health Care Spending -
California Governor Gavin Newsom and the state Legislature enacted a $196 billion spending plan for FY2021–22, including authorizing a 29% increase...more
California Governor Gavin Newsom and the state Legislature enacted a $196 billion spending plan for FY 2021–22, the largest budget in state history. Buoyed by a record budget surplus estimated at $85 billion, including $26…...more
7/26/2021
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New Budget Based on Record Revenue Growth -
Relying on a “once in a lifetime” surge of $65 billion or more in state revenues and an estimated $25 billion in new federal COVID-19 relief funds, Governor Gavin Newsom is...more
California Governor Gavin Newsom’s proposed budget for FY 2020-21 projected a $7 billion surplus and record state spending, but his revised budget projects as much as a $54 billion deficit in light of COVID-19’s impact on the...more
Five months into his first term as California governor, and a week ahead of schedule, Governor Gavin Newsom rolled out his “May Revise” budget. The May Revise reflects state revenue projections based on tax receipts and...more
5/14/2019
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In mid-May, Governor Jerry Brown released his 16th and final “May Revision” to his initial January budget proposal; it included updated revenue information and relatively modest proposed changes. The single biggest change is...more
This week, California Governor Jerry Brown, beginning the final year of his unprecedented four terms as governor, unveiled his 16th and last state budget proposal, which projects a $6.1 billion surplus, mostly a result of...more