By: @Ophelia Szigeti On January 10, California Director of Finance Joe Stephenshaw presented a detailed overview of the Governor’s 2025-26 budget proposal, highlighting significant fiscal developments. According to Stephenshaw, State General Fund revenues are expected to rise by $16.5...
By: @Ophelia Szigeti On Monday, January 6, Governor Gavin Newsom held a press conference at California State University Stanislaus to preview his 2025-26 State Budget proposal ahead of its official release on Friday, which will be led by staff at the Department of Finance. During the event,...
On the night of Tuesday, June 27, Governor Newsom announced signing SB 101 (Skinner), the legislative budget bill for 2023-2024. The announcement brings an end to weeks of intense negotiations between the Governor and the Legislature, particularly regarding infrastructure proposals and an...
On Thursday, June 30, Governor Gavin Newsom signed a $308 billion State Budget and an additional 29 budget trailer bills. Over the June 25-26 weekend, the Governor and legislative leadership came to an agreement on the budget framework and supplemental budget bills were heard the following week....
With two days to spare, the California State Legislature met its June 15 constitutional deadline for passing a balanced State Budget. Senate Bill 154, titled “The Budget Act of 2022”, cleared both the State Senate and Assembly June 13 on party-line votes. However, SB 154 only represents an...
Last week, the California State Legislature moved to approve the state’s budget package, Assembly Bill 89 , which was signed by the Governor yesterday. Previously, both chambers had passed a “placeholder” budget on June 15 to meet a constitutionally-mandated deadline. In addition to AB 89, the...
Yesterday, the California State Senate and Assembly passed the State Budget on a party-line vote, meeting the Constitutional deadline to pass a balanced budget annually by June 15. Much of the deliberations were affected by the COVID-19 pandemic; funding for various state programs and...
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