Los Angeles CA
2-03-2024 10:48pm

$38 Billion Deficit in California 2024-2025 Budget

2024-2025 California Budget 

  • Ebudget (ca.gov)     FullBudgetSummary.pdf (ca.gov)
    • "While we have worked together to be responsible fiscal stewards, this year, we must correct for more volatility than originally anticipated. Because the Internal Revenue Service delayed the tax filing and payment deadline for the majority of our state, our work last year was based on revenue projections that did not include essential cash receipts. We knew the risks of being forced to budget with a blindfold on. Now that the receipts are in, we must bring our books back into balance."
  • The Budget Summary provides Statewide Financial Information, which contains fiscal information..such as:
    • California Department of Corrections and Rehabilitation (CDCR)
      • The average daily adult incarcerated population for 2023-24 is now projected to be
        94,222, a slight increase of 1.4 percent since the spring 2023 projections.
      • The Governor's Budget includes total funding of $14.5 billion ($14.1 billion General Fund and $364.3 million other funds) for CDCR in 2024-25. 
        • $4.1 billion General Fund is for health care programs, which provide incarcerated individuals access to 
          • mental health
          • medical
          • dental care services that are consistent with the standards and scope of care appropriate within a custodial environment.
    • HousingandHomelessness.pdf (ca.gov)
      • Behavioral Health Bridge Housing—A shift of $265 million from the Mental Health
        Services Fund appropriated in the 2023 Budget Act to the General Fund in 2024-25
        due to lower-than-projected Mental Health Services Act revenues and a delay of
        $235 million General Fund originally planned for 2024-25 to 2025-26. (See the Health
        and Human Services Chapter for more information.)

Highlights and Analysis of the 2024-25 Governor’s Budget | Republican Caucus

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  • Governor’s Deficit Substantially Lower Than Nonpartisan Estimate. The Governor’s January budget package projects a deficit of $38 billion by the end of 2024-25. This is $30 billion lower than the $68 billion deficit estimated by the nonpartisan Legislative Analyst’s Office (LAO) in December
State Agencies Positions General Fund* Special Funds* Bond Funds* Total
State Funds*
Business, Consumer Services, and Housing 7,990.4 $659,800 $1,316,500 $537,880 $2,514,180
Corrections and Rehabilitation 61,301.9 $14,314,333 $3,802,469 $- $18,116,802
Environmental Protection 8,037.2 $719,686 $4,131,124 $11,299 $4,862,109
General Government 14,081.2 $3,426,754 $7,246,182 $4,841 $10,677,777
Government Operations 22,275.9 $3,258,549 $384,967 $- $3,643,516
Health and Human Services 38,581.9 $73,859,524 $38,008,503 $- $111,868,027
Higher Education 170,407.0 $22,125,728 $187,827 $610,044 $22,923,599
K thru 12 Education 3,064.3 $76,370,636 $114,954 $16,048 $76,501,638
Labor and Workforce Development 13,565.5 $772,894 $1,149,581 $- $1,922,475
Legislative, Judicial, and Executive 16,203.3 $6,167,976 $3,853,322 $250,975 $10,272,273
Natural Resources 27,666.1 $5,477,604 $2,678,989 $477,077 $8,633,670
Transportation 43,115.0 $1,564,796 $17,902,934 $85,877 $19,553,607
TOTALS 426,289.7 $208,718,280 $80,777,352 $1,994,041 $291,489,673

 

 

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