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The budget provides $82.5 million in 2023-24 and $165 million annually thereafter to reduce the cost of health coverage through Covered California. The budget also includes a $600 million loan to the General Fund to help address the state budget shortfall, which will be repaid in 2025-26.
Jun 27, 2023 · The governor wanted a package of 11 measures, alongside the main budget bill, that aim to streamline the permitting process among federal, state and local governments; limit the time courts have to hear challenges on environmental reviews; and increase funding to state agencies.
Oct 16, 2023 · For 2023‑24, the guarantee increases by $953 million (0.9 percent) relative to the revised 2022‑23 level. For 2023‑24, projected increases in property tax revenue offset declines associated with lower General Fund revenue estimates.
Jun 27, 2023 · State Budget. Enacted on June 27, 2023. In June and July, the Governor signed the 2023 Budget Bill and various pieces of related legislation that were passed by the Legislature to implement the budget for the 2023-24 fiscal year.
This First Look report outlines key pieces of the 2023-24 California state budget proposal, and explores how Governor Newsom prioritized spending and determined cuts amid the first budget shortfall of his tenure.
STATE OF CALIFORNIA 2023–24 FINAL BUDGET SUMMARY Published by DEPARTMENT OF FINANCE This is an informational publication provided to reflect actions of the Governor and Legislature on the Budget Bill/Act (includes Chapters 12, 38, 189, and 862, Statutes of 2023). Appropriations reduced or eliminated by the Governor are shown in strike-out type.
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How much will California spend on health care in 2023?
Tax revenues assumed for the 2023-24 budget would reach nearly $209 billion General Fund, a slight increase of $3 billion (1.5 percent) from the revised 2022-23 level. This is a substantial decrease of $31 billion (13 percent) from the amount received in 2021-22.
