It’s been several weeks since Governor Gavin Newsom released his proposed 2020-21 budget, and now Senate and Assembly budget subcommittees start their work on the state’s upcoming fiscal plan, including holding public hearings and reviewing proposals to determine how money will be spent on programs and Californians.
This guide outlines the Governor’s proposed 2020-21 budget, including revenue forecasts, funding proposals, and key reforms. The Budget Center’s analysis also points to opportunities for additional investments to improve the lives of Californians still struggling to make ends meet. Plus, learn about tax expenditures – spending that happens outside of the budget that could provide additional revenue for policymakers to share the state’s prosperity if better targeted. Finally, our new publication highlights what happens next in the state budget process.
Table of Contents
The Governor’s Proposed 2020-21 Budget: Top Lines 4
The Big Picture: Revenues, Spending, and Reserves 6
Key Elements of the Governor’s Proposed Budget 11
Critical State Investments Left Out of the Governor’s Proposed Budget 47
Spending Outside of the Budget: Tax Expenditures 55
What Happens Next? 58
