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California

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    • Headlines : Arizona, Connecticut, Illinois, Kansas, Massachusetts , Mississippi, North Carolina , Texas, West Virginia, California, Florida, Kentucky, New Jersey, Rhode Island, South Carolina

      Williams Report - April 27, 2016

      State Budget Solutions | by Bob Williams | April 27, 2016

      Pension funds review tobacco divestment; Puerto Rico kicks a useless can; More...

    • Headlines : Connecticut, Illinois, Kentucky, Louisiana, Massachusetts , Mississippi, New Jersey, Texas, Alabama, California, Pennsylvania

      Williams Report - April 20, 2016

      State Budget Solutions | by Bob Williams | April 20, 2016

      Rich States, Poor States: Will your state's economy do well in 2016? 

    • Headlines : Alaska, Colorado, Kansas, Kentucky, Louisiana, Maryland, Massachusetts , Michigan, Nebraska, New York, Pennsylvania, Tennessee, Vermont, Washington, California, Illinois, New Jersey

      Williams Report - March 30, 2016

      State Budget Solutions | by Bob Williams | March 30, 2016

      Illinois, New Jersey Downgraded Again

    • Headlines : Alaska, Arkansas, Colorado, Connecticut, Florida, Illinois, Iowa, Kentucky, Louisiana, Maryland, Missouri, New York, Pennsylvania, Alabama, Arizona, California, Nebraska, New Jersey, Texas

      Williams Report - March 23, 2016

      State Budget Solutions | by Bob Williams | March 23, 2016

      Breaking: PA Governor Wolf relents after 9-month budget impasse

    • Headlines : Arkansas, Connecticut, Iowa, Kentucky, New York, Pennsylvania, South Dakota, Virginia, Washington, West Virginia, California, Florida, Illinois, New Jersey

      Williams Report - March 16, 2016

      State Budget Solutions | by Bob Williams | March 16, 2016

      Public employee pensions aren't taking more investment risk? You're kidding me!

    • Budget timeframe: Annual

      Fiscal Year begins: July 1

      Find the legislative session calendar here.

      The current state budget can be found here.

      Find the current legislative leaders here.

       

      Jerry BrownGov. Edmung G. "Jerry" Brown
      State Capitol
      Sacramento, CA 95814
      Phone: (916) 445-2841
      Fax: (916) 445-4633
      http://gov.ca.gov/

       

       

       

       

       

      Ana Matosantos

       

      Ana Matosantos, Director of Finance
      Department of Finance
      915 L Street
      Sacramento, CA 95814
      Phone (916) 445-3878
      Fax: (916) 324-7311
      www.dof.ca.gov

       

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      California is required to pass a "balanced budget." California Code Section 13337.5 of state law prohibits the annual budget act from authorizing expenditures in excess of revenues. In 2004 the Constitution was amended to include language to specifically prevent the presentation of a budget bill that would appropriate from the General Fund more than that Fund would receive in revenues. California law forbids the carrying over of a deficit from one year to the next. The State only budgets for expenditures, not revenues.

       

      The California Constitution limits appropriations to the appropriations limit from the previous year, adjusted for inflation and the change in population. This is commonly called "budgeting for fiscal discipline," and is a way to keep the growth of appropriations from outpacing the growth in revenues from year to year.
      Unfortunately, the most recently passed budget relies heavily on accounting maneuvers, including moving tax receipts from one year to a next and borrowing $5 billion against future lottery earnings. The lottery borrowing requires the approval of voters in a ballot measure in a special election the Spring of 2009. If the lottery plan is defeated, midyear cuts and other measures to rein in spending are likely. [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

      PRI Logo

       


    • State Debt :

    • HEADLINES: California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country

    • HEADLINES: Alabama, Alaska, Arkansas, Connecticut, Florida, Illinois, Minnesota, Missouri, New Hampshire , North Carolina , Oklahoma, Pennsylvania, Tennessee, California

      Williams Report - September 22, 2015

      State Budget Solutions | by Bob Williams | September 22, 2015
      Join us on Twitter by following @StateBudgets and using the hashtag #SBSbob.
    • View All California articles
    • Pensions :

    • HEADLINES: California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country

    • HEADLINES: Alaska, Connecticut, Illinois, Kentucky, Mississippi, New Mexico , Oklahoma, Pennsylvania, Washington, Wyoming, California, Florida, Michigan, New Jersey, New York

      Williams Report - January 27, 2016

      State Budget Solutions | January 27, 2016

      High-Tax States; Scary Pension Math; More Fiscal Headlines from Statehouses Nationwide

    • View All California articles
    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions: California

      Reform Before Revenue: How to Fix California's Retiree Health-Care Problem

      The Manhattan Institute | by Stephen D. Eide | October 31, 2012

      This paper examines the ongoing fiscal crisis caused by health-care plans for retirees (known as "other post-employment benefits," or OPEB) in one of the hardest-hit states, California, and outlines necessary reforms that should come before tax increases or cuts to government services.

    • Solutions

      State Lawmaker’s Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions: California

      Rising Pension Costs Threaten Cities’ Ability to Provide Services

      Hoover Institution of Stanford University | by Chuck Reed | October 16, 2012

      In June 2012, nearly 70% of San Jose voters approved "Measure B" - a set of pension reforms that the City Council placed on the ballot after more than 8 months of negotiations with our employee unions.

    • California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country

    • Alaska, Connecticut, Illinois, Kentucky, Mississippi, New Mexico , Oklahoma, Pennsylvania, Washington, Wyoming, California, Florida, Michigan, New Jersey, New York

      Williams Report - January 27, 2016

      State Budget Solutions | January 27, 2016

      High-Tax States; Scary Pension Math; More Fiscal Headlines from Statehouses Nationwide

    • Alaska, Arizona, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Jersey, New York, Pennsylvania, California, Massachusetts

      Williams Report - January 20, 2016

      State Budget Solutions | by Bob Williams | January 20, 2016

      State Pension Funds: As Broke As Ever; Illinois, Pennsylvania Budget Stalemates Continue; More Headlines from Statehouses Nationwide

    • California, Illinois, New Jersey, Oklahoma, Pennsylvania, Kentucky, Virginia, Oregon

      Williams Report - January 6, 2016

      State Budget Solutions | by Bob Williams | January 6, 2016

      Join the discussion on Twitter by following @StateBudgets!

    • Alaska, California, Colorado, Connecticut, Delaware, Florida, Illinois, Hawaii, Iowa, Louisiana, North Carolina , Pennsylvania, Vermont, West Virginia, Massachusetts , New York

      Williams Report - November 17, 2015

      State Budget Solutions | by Bob Williams | November 17, 2015

      Join us on Twitter by following @StateBudgets and tweeting with the hashtag #SBSbob. 

    • Headlines : Arizona, Connecticut, Illinois, Kansas, Massachusetts , Mississippi, North Carolina , Texas, West Virginia, California, Florida, Kentucky, New Jersey, Rhode Island, South Carolina

      Williams Report - April 27, 2016

      State Budget Solutions | by Bob Williams | April 27, 2016

      Pension funds review tobacco divestment; Puerto Rico kicks a useless can; More...

    • Headlines : Connecticut, Illinois, Kentucky, Louisiana, Massachusetts , Mississippi, New Jersey, Texas, Alabama, California, Pennsylvania

      Williams Report - April 20, 2016

      State Budget Solutions | by Bob Williams | April 20, 2016

      Rich States, Poor States: Will your state's economy do well in 2016? 

    • Headlines : Alaska, Colorado, Kansas, Kentucky, Louisiana, Maryland, Massachusetts , Michigan, Nebraska, New York, Pennsylvania, Tennessee, Vermont, Washington, California, Illinois, New Jersey

      Williams Report - March 30, 2016

      State Budget Solutions | by Bob Williams | March 30, 2016

      Illinois, New Jersey Downgraded Again

    • Headlines : Alaska, Arkansas, Colorado, Connecticut, Florida, Illinois, Iowa, Kentucky, Louisiana, Maryland, Missouri, New York, Pennsylvania, Alabama, Arizona, California, Nebraska, New Jersey, Texas

      Williams Report - March 23, 2016

      State Budget Solutions | by Bob Williams | March 23, 2016

      Breaking: PA Governor Wolf relents after 9-month budget impasse

    • Headlines : Arkansas, Connecticut, Iowa, Kentucky, New York, Pennsylvania, South Dakota, Virginia, Washington, West Virginia, California, Florida, Illinois, New Jersey

      Williams Report - March 16, 2016

      State Budget Solutions | by Bob Williams | March 16, 2016

      Public employee pensions aren't taking more investment risk? You're kidding me!

    • Headlines : Florida, Illinois, Kentucky, Louisiana, Missouri, New York, Oklahoma, Pennsylvania, Texas, West Virginia, California

      Williams Report - March 9, 2016

      State Budget Solutions | by Bob Williams | March 9, 2016

      U.S. states with no income tax; why taxing the wealthy can be trouble for states; more...

    • Headlines : California, Illinois, Iowa, Louisiana, New Jersey, Oklahoma, Pennsylvania, Florida, Kentucky, Nebraska, Oregon

      Williams Report - February 17, 2016

      State Budget Solutions | by Bob Williams | February 17, 2016

      Falling stocks squeeze pension funds; Illinois Gov. Rauner's budget address; More...

    • Headlines : Connecticut, Illinois, Kansas, Massachusetts , New York, North Dakota, Oklahoma, Pennsylvania, Rhode Island, Wisconsin, Arizona, California, Minnesota, New Jersey, North Carolina , South Dakota

      Williams Report - February 10, 2016

      State Budget Solutions | by Bob Williams | February 10, 2016

      Which state takes the biggest tax bite?

    • Headlines : California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country

    • HEADLINES: California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country