California Proposed Budget 2024

California Proposed Budget 2024. On january 10, 2024, the governor introduced a budget proposal that closes a $37.86 billion shortfall while protecting key investments in education, public safety, addressing. The budget deal shrinks a proposed cut to schools funding, following a tense negotiation with education groups during which teachers unions ran a television.

Newsom proposes deferring a 5% budget increase for the university of california and california state university, and providing two years’ worth of increases. 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.