July 2009 State Budget Package - August 10, 2009

Legislative Analyst's Office
http://www.lao.ca.gov/laoapp/PubDetails.aspx?id=2112

July 29, 2009

Extract: On July 24, 2009, the Legislature passed amendments to the 2009-10 Budget Bill, along with implementing legislation. On July 28, 2009, the Governor signed the budget package, while vetoing $489 million in General Fund appropriations. The budget package projects $89.5 billion of revenues and transfers to the General Fund, and authorizes total General Fund spending of $84.6 billion. The plan leaves the General Fund with an estimated reserve of $500 million at the end of the 2009-10 fiscal year. This publication summarizes the actions taken by the Legislature and Governor.