On January 9, the Governor presented a budget package with a proposed $2.3 billion reserve at the end of 2014-15. The Governor's budget seeks to address some of California's biggest budget issues. The Governor's emphasis on debt repayment is prudent, and his proposal for a new rainy-day fund requirement underscores the importance of regular state contributions to a larger budget reserve. Overall, the Governor's budget plan would place the state on an even stronger fiscal footing.
The 2016-17 Budget: Initial Comments on the Governor’s May RevisionReport Apr 7, 2015
[PDF] The 2015-16 Budget: Possible May Revision Scenarios