California Department of Finance – Page 3

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...

What Is the Difference Between GO and Revenue Bonds?

November 17, 2022 12:59 pmNovember 17, 2022 1:02 pm

For those involved in California legislation, you might have heard about “G.O. bonds” and “revenue bonds.” What is the difference between the two types of bond measures? First, G.O. stands for general obligation. Second, California’s Department of Finance (DOF) defines...

California Facing $25 Billion Budget Shortfall Next Year

November 16, 2022 4:46 pmNovember 17, 2022 8:19 pm

A Legislative Analyst’s Office report released on Wednesday found that California revenue is $41 billion below expectations, likely resulting in a massive $25 billion shortfall in the upcoming 2023-2024 state budget. The LAO recommends lawmakers start cutting the budget when...

Gov. Newsom Vetoes Mandatory Kindergarten Bill

September 26, 2022 12:15 pmSeptember 27, 2022 10:33 am

A bill to make kindergarten mandatory for all students entering the first grade in California was vetoed by Governor Gavin Newsom Sunday night, one of dozens of bills either signed into law or rejected in his newest legislative update. Senate...

California Legislature Approves $300 Billion+ State Budget Proposal

June 14, 2022 2:45 amJune 13, 2022 10:26 pm

The California legislature passed a $300 billion budget on Monday, angering some Democrats, Republicans, and Governor Gavin Newsom who wanted a budget with fewer longer term items over the record $97.5 billion surplus only being there for one year. The...

SOS Weber Reports 2021 Governor Recall Cost Just Over $200 Million

February 4, 2022 4:06 pm

According to a new report by California Secretary of State Shirley Weber to the California Department of Finance and the Assembly and Senate Budget Committees, the cost of the 2021 California Gubernatorial recall fell well below projected estimates, coming it...

California’s Population Fell By 182,000 in 2020 According to New Department of Finance Study

May 8, 2021 2:20 amMay 10, 2021 1:14 pm

According to a new report released Friday by the California Department of Finance, California’s population fell by 182,000 people last year, the state’s first yearly population loss since first becoming a state in 1850. The overall growth rate of -0.46%...