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Our mission is to serve as the Governor’s chief fiscal policy advisor and to promote long-term economic sustainability and responsible resource allocation.
11 maj 2024 · SACRAMENTO, Calif. (AP) — California has a huge budget problem that could force thorny decisions from Democratic leaders who enjoyed a more than $100 billion surplus just three years ago. This is the second year in a row the nation’s most populous state is facing a multibillion-dollar shortfall.
The Department of Finance is responsible for preparing, explaining, and administering the state's annual financial plan, which the governor of California is required under the Constitution of California to present by January 10 of each year to the general public.
In late June, Governor Newsom and state leaders reached a deal on the 2024-25 California state budget. Confronted with a substantial shortfall, state leaders negotiated a budget package that presents a mixed bag for California families.
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California state finances. The budget of the U.S. state of California is made up of several funds derived from taxes. [1] The General Fund makes up 3/4th of the entire budget; it allocates monies to state operations and payments to localities. [1]
Economic and Revenue Updates. The Finance Bulletin is an economic update and cash report published by the California Department of Finance, in every month but January and May. You can receive an email notification when the newest edition is published by subscribing to the Finance Bulletin mailing list. NEW!
Did you find what you were looking for? The Strategic Plan of the Department of Finance provides a road map for our organization so that we may better serve as the statewide leader for budget and fiscal policy.
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