California Budget 2025 Deficit Reduction Act. California EDGE Coalition’s Summary of the Governor’s 202425 Enacted State Budget California "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. Update (1/16/25): A set of tables detailing various solutions and proposals has been appended to the online version of this report
California EDGE Coalition’s Summary of the Governor’s 202425 Enacted State Budget California from www.caedge.org
• $59,000 decrease for the Deficit Reduction Act- Mandatory Fees. The mission of the California Child Support Program is to promote parental
California EDGE Coalition’s Summary of the Governor’s 202425 Enacted State Budget California
significantly since the 2024 Budget Act forecast and as a result, General Fund revenue is anticipated to e $16.5 billion b higher (2.7 percentage higher than assumed at the 2024 Budget Act over 2023-24 through 202526) On January 10, 2025, Governor Newsom's administration presented its proposed state budget to the California Legislature Governor Newsom's 2025-26 budget proposal includes: No deficit, increased revenues: The budget proposal is fully balanced with no deficit
California 2024 Budget Newsom Lucie Robenia. Source: California Department of Finance, Schedule 9 at 2025-26 Governor's Budget (January 2025) Note: Reflects federal funds the state is projected to receive in 2025-26 for TK-12 schools and related public education purposes, estimated as of the governor's proposed 2025-26 budget This increase is mainly due to growth in - personal income tax ($12.6 billiones ) from higher than projected wage growth in high-
California Gov. Gavin Newsom Signs Budget To Close 46.8B Budget Deficit Ny Breaking News. Box 419064, Rancho Cordova, CA 95741-9064 TO: RECIPIENTS OF THE DCSS 2025-26 GOVERNOR'S BUDGET The budget assumes a revenue reduction of $15 million in 2025-26, growing to more than $200 million annually