California Budget Perspective 2019-20

Watch to learn more Ever wondered where California gets the money to fund schools, healthcare, and public services? This quick explainer breaks down the key components of the state budget — from the General Fund to federal dollars — and shows how these funds work together to power the state’s economy and serve its communities.

jump to: Introduction Governor Gavin Newsom released a summary of the May Revision to his proposed 2025-26 California state budget on May 14, proposing nearly $12 billion in budget actions to close an estimated 2025-26 deficit ($7.5 billion) and build up the state’s discretionary reserve ($4.5 billion). In contrast, the governor’s January proposal projected a … Continued