June 15, 2017
Issue #48

Editor's Note

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FY 2017-18 State Budget Package and Trailer Bills Passed

Major Shift in Board of Equalization Jurisdiction Approved; Several Items Pending

The Legislature adopted its FY 2017-18 budget package today, which largely tracked Gov. Jerry Brown’s framework in his May Revise with total spending of $125.1 billion for the state’s General Fund, and $9.9 billion in total reserves. By the end of FY 2017-18, the Rainy Day Reserve Fund is projected to have a balance of $8.5 billion, equivalent to 66 percent of the Constitutional target.

State Budget, Revenue and Taxation, Legislation
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