12/26/2023 0 Comments Government budget pie chart![]() 4 percent increase in CalWORKs participating families.įigure 1 displays the administration’s revenue projections as incorporated into the June 2020 budget package. 1 percent increase in CalFresh participation, and a 42. 2 percent year‑over‑year increase in Medi‑Cal enrollees, a 51. Another major driver of the state’s budget problem is higher caseload‑related costs across the state’s safety net programs, including: Medi‑Cal, California Work Opportunity and Responsibility to Kids (CalWORKs), and CalFresh. Overall, the spending plan anticipates revenues will be lower across the budget window by $ 42 billion. Largely as a result of a severe decline in economic activity, the administration’s estimates for revenues in both 2019‑20 and, most notably, 2020‑21, declined substantially between January and May. ![]() The most significant cause of the state’s budget problem is a substantial decline in revenues. This budget problem was estimated by the administration at the time of May Revision (as we discuss further in the “Evolution of the Budget” section of this report) and is the net result of a number of factors, including (most notably): 3 billion General Fund budget problem for the 2020‑ 21 budget. The final spending plan reflects an estimated $54. The coronavirus disease 2019 (COVID‑19) pandemic has had far‑reaching negative impacts on the state economy, which have direct and indirect implications for the state budget. ![]() Budget Overview The $54.3 Billion Budget Problem In addition to this publication, we have released a series of issue‑specific posts providing more detail on various programmatic aspects of the budget. All figures in this publication reflect the administration’s estimates of actions taken through June 30, 2020, but we have updated the narrative to reflect actions taken later in the legislative session. This publication provides an overview of the 2020‑21 Budget Act, provides a short history of the notable events in the budget process, and then highlights major features of the budget approved by the Legislature and signed by the Governor. Each year, our office publishes the California Spending Plan to summarize the annual state budget. ![]()
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