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September 11, 2024 - The Supplemental Report of the 2024-25 Budget Act contains statements of legislative intent and requests for studies that were adopted by the Legislature during deliberations on the 2024-25 budget package.
September 6, 2024 - Each year, our office publishes California Spending Plan Series, a series of publications that summarize the annual state budget. The flagship report of this series, Overview of the Spending Plan, is presented here along with short online posts that focus on major areas and features of the 2024-25 budget package. As the posts become available, we will add them below.
September 6, 2024 - Each year, our office publishes the California Spending Plan to summarize the annual state budget. This publication provides an overview of the 2024‑25 Budget Act, gives a brief description of how the budget process unfolded, and then highlights major features of the budget approved by the Legislature and signed by the Governor. All figures in this publication reflect actions taken through early July 2024, but we have updated the narrative to reflect actions taken later in the legislative session.
August 6, 2024 - Presented to: Assembly Committee on Budget
May 24, 2024 - Presented to: California Society of Municipal Analysts
May 23, 2024 - This post presents our office’s forecast of the condition of the state General Fund budget through 2027-28 under our revenue estimates and assuming the Governor’s May Revision policies were adopted.
May 17, 2024 - On May 14, 2024, Governor Newsom presented a revised state budget proposal to the Legislature. This annual proposed revised budget is referred to as the May Revision. In this brief, we provide a summary of and comments on the Governor’s revised budget, focusing on the overall condition and structure of the state General Fund—the budget’s main operating account.
February 20, 2024 - This report provides an update on the size of the state deficit based on our recent revenue projections and provides options for the Legislature to address that larger deficit.
February 7, 2024 - Key Fiscal and Policy Issues Facing California identifies some of the biggest and most complex policy issues facing the state and its policymakers. Given the significance and complexity of these issues, our discussion of each issue is necessarily high level and does not provide recommendations. Rather, our hope is that Key Issues can serve as a helpful resource to the Legislature as it evaluates fiscal and policy solutions aimed at tackling some of the state's most challenging, but critical, long-term issues.
January 23, 2024 - Presented to: Senate Committee on Budget and Fiscal Review
January 23, 2024 - Presented to: Assembly Committee on Budget
January 13, 2024 - On January 10, 2024, Governor Newsom presented his proposed state budget to the California Legislature. In this report, we provide a brief summary of the Governor’s budget based on our initial review as of January 12. In the coming weeks, we will analyze the plan in more detail and release many additional issue-specific budget analyses.
January 1, 2024 - As we release publications aimed at addressing the 2024-25 budget situation, we will add them to this index page.
December 7, 2023 - Each year, our office publishes the Fiscal Outlook in anticipation of the upcoming budget season. The goal of this report is to give the Legislature our independent estimates and analysis of the state’s budget condition as lawmakers begin planning the 2024-25 budget.