Read Complete Document (pdf) Executive Summary Budget Overview. The 2016 Budget Act includes record-high General Fund revenues and spending. The budget shows strong education spending, prudently includes an extra $2 billion deposit to the state Rainy Day Fund, and provides much needed funds for the...

The May Revision reflects slower revenue growth and avoids major new General Fund spending proposals. The Governor has called again for fiscal restraint, and Senate Republicans hope it is more than a sound bite this time. The Governor already committed to massive future spending increases through the new minimum wage requirement, and legislative Democrats are seeking billions in spending on new or expanded programs. The May Revision also adopts the $2 billion homelessness bond for the mentally ill previously proposed by Senator De Leon.

Below is a summary of some subcommittee activity from the past week:

Below is a summary of some subcommittee activity from the past week:

Below is a summary of some subcommittee activity from the past week: