California State Budget 2024. Confronted with a substantial shortfall, state leaders negotiated a budget. On january 10, 2024, governor newsom presented his proposed state budget to the california legislature.

This publication provides an overview of the 2024‑25 budget act, gives a brief description of how the budget process unfolded, and then highlights major features of. Governor newsom is balancing the budget by getting state spending under control — cutting costs, not proposing new taxes on hardworking californians and small businesses — and reducing the.