Governor’s January Budget Overview
Friday, Jan 13th, 2023
The Governor’s January Budget forecasts General Fund revenues will be $29.5 billion lower than at the 2022 Budget Act projections, and California now faces an estimated budget gap of $22.5 billion in Fiscal Year (FY) 2023-24. Governor Newsom proposes using the bulk of the recent surplus to boost the state’s budget reserves and pay down … Continue reading “Governor’s January Budget Overview”
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