california budget

State Capitol

Analyst: No ‘Fiscal Cliff’ When Tax Hikes End

The Legislative Analyst’s Office says steady economic growth will buffer California when temporary tax increases expire in the coming years.

11/19/2014

(Photo by Justin Sullivan/Getty Images)

Governor Signs $108 Billion California Budget

Gov. Jerry Brown has signed California’s $108 billion budget for the coming fiscal year that pays down debt, builds a rainy day fund and provides additional money for schools and health care.

06/20/2014

Then-governor Arnold Schwarzenegger during his second swearing-in back in 2007. (Photo by David Paul Morris/Getty Images)

California To Pay Off Schwarzenegger Budget Bond

California is on track to pay off a $15 billion bond that was championed a decade ago by then-Gov. Arnold Schwarzenegger as one of his first major actions in office.

05/14/2014

budget battle

Gov. Jerry Brown Releases $108 Billion Budget, Warns Of Underfunded Pensions

The figure represents a 24 percent increase over the $87 billion general fund budget approved during the 2011-12 fiscal year, the low point of the recession when California cut billions of dollars from state programs and furloughed state workers.

05/13/2014

Credit: CBS13

Critics Uniting Against California High-Speed Rail Funding Plan

Gov. Jerry Brown’s proposal to redirect $250 million from an effort to reduce greenhouse gas emissions has renewed debate about the project.

01/10/2014

State Capitol

Calif. Assembly Democrats Urge $8B Budget Reserve

Assembly Speaker John Perez is pledging to move cautiously in spending California’s projected budget surplus and says lawmakers will ask voters to approve a revised ‘rainy day fund’ in November 2014.

12/11/2013

(File Photo by Kevork Djansezian/Getty Images)

UPDATED: Brown Signs Budget That Reshapes K-12 Spending

Gov. Jerry Brown is expected to sign California’s $96.3 billion budget for the coming fiscal year, a spending plan that ends years of deficits and includes more money for disadvantaged students.

06/27/2013

(Credit: Justin Sullivan/Getty Images)

Lawmakers Expand Medicaid In Final Budget Voting

The Legislature passed a major piece of the federal Affordable Care Act on Saturday, opting to expand Medicaid to 1.4 million low-income Californians, as it rushed to meet its deadline to complete a state budget.

06/15/2013

(Credit: Justin Sullivan/Getty Images)

UPDATE: Calif. Legislature Passes $96.3B State Budget Bill

California’s Legislature has passed the state’s massive spending plan amid sharp divisions over whether the Democratic budget will further the state’s recovery or eventually return it to the multibillion-dollar deficits common during the recession.

06/14/2013

(Credit: Kevork Djansezian/Getty Images)

Analyst Pegs Calif. Revenue $3.2B Higher Than Gov. Brown Estimated

The state’s independent budget analyst said Friday that California will take in $3.2 billion more than Gov. Jerry Brown estimated, providing Democratic lawmakers an argument to funnel more money into state programs and setting up a spending showdown with the administration.

05/17/2013

Gov. Jerry Brown presents his 2013-14 budget during a press conference on Thursday, Jan. 10, 2013. (credit: CBS13)

Brown’s Budget Cuts California Spending Plan Despite Surge In Tax Revenue

Despite surging state tax revenue, Gov. Jerry Brown on Tuesday announced a spending plan for the coming fiscal year that is $1.2 billion lower than he projected in January.

05/14/2013

(Photo by Justin Sullivan/Getty Images)

Democrats At Odds Over California Budget Surplus

California is enjoying a revenue surplus for a change, and that’s causing disagreement among Democrats.

05/13/2013

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