State Of California Budget 2025

State Of California Budget 2025. The goal of this report is to give the legislature our independent estimates and analysis of the state’s budget condition as lawmakers begin planning the 2024‑25 budget. This includes a nearly 8% cut to state operations and a targeted.

Newsom and legislative leaders announce an agreement to bridge the state budget deficit by dipping into reserves and reducing some spending. Confronted with a substantial shortfall, state leaders negotiated a budget package.