California's Budget

This January, Governor Jerry Brown released his proposed budget for 2012-2013. The Governor projected a $9.1 billion deficit and proposed to balance it with a mix of spending cuts and a tax package that would require approval of the voters in November 2012.

Senate Democrats have committed to fully vetting the Governor's proposed budget in public with input from all stakeholders. The Senate Budget and Fiscal Review Committee and its issue-specific budget subcommittees will begin that review January 19, 2012.

In May, the Governor used updated revenue receipts to offer revisions to his proposed 2012-2013 Budget. The revised spending plan estimated that the state has a $16.7 billion budget gap. The Legislature reviewed, amended and passed a finalized 2012-2013 Budget on June 15, 2012.

Latest Updates

• Governor, Legislative Leaders Agree on Trailer Bill Details that Assure Budget Signing
  June 21, 2012
• Legislature Passes State Budget
  June 15, 2012
• Senate Readies itself for Friday Budget Vote
  June 14, 2012
• Senate pro Tem Steinberg and Speaker Hold Press Conference on Budget Plan
  June 13, 2012
• Senate pro Tempore Steinberg Continues Budget Discussions over the Weekend with Governor and Speaker
  June 6, 2012
• Governor's May Revision of Proposed 2012-2013 State Budget
  May 14 2012
• Senate Budget Committee Conduct Hearings on Governor's Medi-Cal and CalWORKs Proposals
  March 5, 2012
• LAO Releases Economic and Revenue Update
  February 28, 2012
• Reviewing the Governor’s Proposed Education Budget and Education Funding Reforms
  February 24, 2012
• Senate Budget and Fiscal Review Committee's Quick Summary
  January 6, 2012
• Senate President Pro tem Darrell Steinberg's Statement on Governor's Budget Proposal
  January 5, 2012
• Governor Releases Proposed 2012-2013 Budget
  January 5, 2012

In the News

• Audit finds no other hidden assets in California budget
  August 3, 2012
• California reaches deep into special funds to pay for schools, prisons, social services
  August 3, 2012