California’s State Budget: The Enacted 2018–19 Budget
On June 27, 2018, Governor Brown signed the 2018–19 Budget Act, which includes $201.4 billion in spending. General Fund appropriations total $138.7 billion, an $11.6 billion (or 9.2%) increase over the revised 2017–18 budget expenditures. General Fund revenues are estimated at $137.7 billion for 2018–19, which is $5.2 billion (3.9%) more than the revised 2017–18 revenues.
2018-19 State Budget Invests in Reserves and an Array of Vital Services, Sets Course for Future Advances
The 2018-19 budget makes some notable investments in the economic security of Californians. It strengthens the California Earned Income Tax Credit (CalEITC) by extending eligibility to young adults and seniors who are currently excluded and raising the income eligibility limit to account for the rising state minimum wage. The budget also includes key investments in the safety net: providing funding for CalWORKs grant increases to help address deep poverty; establishing a CalWORKs home visiting pilot; and ending the “SSI cash-out,” a state policy that prohibits many low-income seniors and people with disabilities from receiving federal food assistance through the CalFresh program.
Governor Brown Signs Final State Budget with Record Rainy Day Fund, School Funding
Seven and a half years after taking office and inheriting a $27 billion budget deficit, California Governor Edmund G. Brown Jr. today signed his final state budget, which fills the Rainy Day Fund to the brim and sends record funding to California’s classrooms.
“When I took office back in 2011 with the state facing a $27 billion deficit, I pledged to work with the Legislature to fix California’s financial mess,” said Governor Brown. “Today, the final budget I sign delivers on that pledge and prepares us for the future.”