California Department of Finance – Page 2

California Budget Deficit Balloons To $73 Billion According to Legislative Analyst

February 20, 2024 6:43 pmFebruary 20, 2024 6:43 pm

According to a new updated revenue forecast report released by the Legislative Analyst’s Office on Tuesday, California’s budget deficit for the 2024-2025 year was increased from the previously estimates of $58 billion and $68 billion to $73 billion. California’s state...

Gov. Gavin Newsom Disappears $30 Billion of the Deficit in New Budget

January 10, 2024 1:47 pmJanuary 10, 2024 1:47 pm

Where did $30 billion of California’s budget deficit go? California Governor Gavin Newsom put on quite a budget show this morning, feigning indignation over the Legislative Analyst’s Office’s recent update on the state’s actual budget deficit, which the LAO put...

California Population Loss Slows, State Loses Only 32,000 Between July 2022 and July 2023

December 20, 2023 2:30 amDecember 20, 2023 3:46 pm

The California Department of Finance announced on Tuesday that California’s overall population loss slowed down dramatically during the 2022-2023 fiscal year, with the state population going down by only 37,200 people between July 2022 and July 2023. According to the...

California Department of Finance Review of Agency Regulations

December 15, 2022 7:06 amDecember 15, 2022 7:08 am

One of the key roles played by the federal Office of Management and Budget (OMB) is the review and approval of federal regulations adopted by federal agencies and departments. In California, that role is played primarily by the Office of...

What Are the Department of Finance’s Required Reports to the Legislature?

December 9, 2022 7:08 amDecember 9, 2022 7:12 am

California Government Code Section 13308 requires five reports to the Legislature that must be submitted by the Director of the Governor’s Department of Finance (DOF). The state Constitution only requires the Governor to submit his or her budget within the...

California State Assembly nearly empty except for a few folks in the balcony.

Commission on State Mandates Reports to the California Legislature

November 30, 2022 6:25 amNovember 30, 2022 6:29 am

Article 3 of Chapter 4 of Part 7 of Division 4 of Title 2 of the California Government Code concerns reports to the Legislature by the Commission on State Mandates (CSM). Government Code Section 17600 requires, at least twice each...

Important Budget Publications from California Department of Finance

November 21, 2022 6:21 amNovember 21, 2022 6:22 am

For those unfamiliar with the California budget process, the California Department of Finance (DOF) publishes a number of important “budget references” that are valuable to those involved or interested in the state budget process. Department Index – this document provides...