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In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
Gov. Gavin Newsom and California lawmakers agreed to a $310.8 billion budget deal that will reduce investments in climate change and delay funding for kindergarten facilities to offset a nearly ...
Sen. Roger Niello, R-Fair Oaks, who serves as vice-chair of the Senate Budget Committee, said he would like to see the Legislature consider opening the 2023-2024 budget and “adjusting some of ...
The budget will provide spending for the 2024-25 fiscal year, which begins July 1. Rivas and McGuire touted funding the Legislature received for spending Newsom proposed cutting in his budget.
California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
The LAO should not be confused with the California Legislative Counsel (a position established in 1913), which does not focus primarily on the budget. [citation needed] The LAO is overseen by the Joint Legislative Budget Committee (JLBC), a 16-member bipartisan committee. The office has a staff of 43 analysts and approximately 13 support staff.
The $750 million in reductions apply over a three-year budget window of 2022-23, 2023-24, and 2024-25 – the bulk of the savings coming in the next fiscal year, according to an Assembly floor report.
California’s Legislature on Wednesday night approved most of the bills that make up the $298 billion budget agreement with Gov. Gavin Newsom to close a roughly $47 billion deficit.