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2023-24 Budget Report.pdf

Floor Report of the 2023-24 Budget 06.26.23 version.pdf
Preview of 2023-24 Budget Report
🔗 Source: abgt.assembly.ca.gov
📊 Size: 2.1 MB
👤 Author: Villarruz, Irene
⬇️ Downloads: 53

Summary

The 2023-24 California State Budget Package includes a total Proposition 98 General Fund funding level of $108.3 billion, with an increase of $3.4 billion in Proposition 98 funding for the Local Control Funding Formula. The package also provides funding for early childhood education, higher education, housing and homelessness, public transit, Medi-Cal, and other programs, with total state budget reserves estimated to be around $37.8 billion. Key highlights include:

$110.6 billion in Proposition 98 General Fund funding for schools and community colleges
 $2.83 billion in one-time funds for child care reimbursement increases
5% ongoing increases to UC and CSU, with support for 12,000 more spots for Californians
 Over $3 billion in housing and homelessness-related expenditures
$5.1 billion for transit capital funding across three years
 $2.7 billion of reimbursement rate increases for Medi-Cal
$82.5 million to lower copays and deductibles of CoveredCA plans
 $500 million in ongoing funds to support California families struggling the most.

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Description

The 2023-24 California State Budget Package includes a total Proposition 98 General Fund funding level of $108.3 billion, with an increase of $3.4 billion in...

Technical Information

  • File Format: PDF
  • File Size: 2.1 MB
  • Pages: 143
  • Language: EN
  • Author: Villarruz, Irene
  • Total Downloads: 53
  • Last Updated: 1 week ago

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