California Budget 2025 Deficit Reduction Act . California EDGE Coalition’s Summary of the Governor’s 202425 Enacted State Budget California In this report, we provide a brief summary of the Governor's budget based on our initial. Update (1/16/25): A set of tables detailing various solutions and proposals has been appended to the online version of this report
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On January 10, 2025, Governor Newsom's administration presented its proposed state budget to the California Legislature Since the 2024 Budget Act was signed, the economy, stock market, and cash receipts have performed better than expected, resulting in an upgraded revenue forecast.
California 2024 Budget Newsom Lucie Robenia The budget assumes a revenue reduction of $15 million in 2025-26, growing to more than $200 million annually Update (1/16/25): A set of tables detailing various solutions and proposals has been appended to the online version of this report "I look forward to working with new and returning members of the Legislature on a final 2025-26 budget that assures California a strong economic future well into the 21st century." In its November 2024 report, the California Legislative Analyst's Office (LAO) projected a "roughly balanced" budget with a $2 billion shortfall for 2025-2026.
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California’s large budget deficit looms for Gavin Newsom. Why it may be getting worse . FROM: MATHEW MACY, Budget Manager, Budget Support Section STATE OF CALIFORNIA - HEALTH AND HUMAN SERVICES AGENCY Gavin Newsom