Legislature Reaches Final Budget Agreement

Assembly and Senate Appropriations Committees Clear Suspense File

On May 18, 2023, the Assembly and Senate Appropriations Committees acted on hundreds of bills that had been held on the suspense file due to their significant fiscal impacts. Bills are generally held on the suspense file before each fiscal deadline to allow the respective house to evaluate the total impact they can have on..

Governor Releases May Revision; Highlights Following Department of Finance Briefing

Governor Releases May Revision; Highlights Following Department of Finance Briefing This morning, Governor Gavin Newsom released the 2023-24 May Revision, which reflects a shortfall of $31.5 billion, up from $22.5 billion in the Governor’s Budget. Although it is a time of uncertainty, it does not predict a recession and the Governor is not looking to..

Legislative Update: Policy Committee Deadline

CASBO Secures Amendments to Major LCFF Bill

CASBO Secures Amendments to Major LCFF Bill; Senate Releases Budget Priorities Ahead of the May Revision   AB 938 (Muratsuchi) to be Amended AB 938 by Assemblymember Al Muratsuchi passed out of the Assembly Education Committee today with bipartisan support. As amended on April 7, 2023, the bill creates new Local Control Funding Formula (LCFF)..