On January 10th, Governor Newson released his Administration’s 2023-24 Proposed Budget. This proposal is the first step in the State’s budget negotiations with lawmakers, who must pass a budget by June 15th for the July 1st start of the 2023-24 fiscal year.
This year’s proposed budget marks a dramatic departure from recent years due to California’s projected revenue shortfalls for the 2023-24 budget year. Due to various outside factors influencing decreased income tax revenues to the state, California now projects General Fund revenues $29.5 billion lower than expected in 2022-23 State Budget projections, resulting in an estimated $22.5 billion budget gap for 2023-24
The Rural Rundown captures highlights of the proposal as it relates to RCRC member counties and can be accessed here.