Budget – Page 2

Budget, COVID-19 | April 24, 2020

Assembly Convenes Budget Oversight Hearing on COVID-19 Response

On Monday, the Assembly Budget Subcommittee No. 6 on Budget Process, Oversight, and Program Evaluation convened an oversight hearing regarding the Newsom Administration’s ongoing COVID-19 response activities. Monday’s hearing had approximately 11 Assembly Members in attendance with members physically distanced and panelists participating via videoconferencing. Budget Subcommittee No. 6 Chair Assembly Member Phil Ting opened…

Budget, COVID-19 | April 17, 2020

Senate Convenes First COVID-19 Budget Oversight Hearing

On Thursday afternoon, the Senate Budget & Fiscal Review Special Subcommittee on COVID-19 Response held its first oversight hearing to review the Newsom Administration’s use of $1 billion in state emergency funds, the use of the Disaster Response-Emergency Operations Account, and federal funding for COVID-19 response activities. After a lengthy delay due to technical issues…

Budget, COVID-19 | April 17, 2020

Newsom Administration Announces Additional COVID-19 Emergency Fund Expenditures

This week, the Newsom Administration announced the expenditure of additional COVID-19 emergency response funds that were approved by the Legislature last month. Below, we highlight these expenditures: $42m Investment for Foster Youth and Families On Monday, Governor Gavin Newsom announced $42 million in new investments to protect and support younger Californians who are at heightened…

Budget, COVID-19 | April 17, 2020

DOF Issues COVID-19 Interim Fiscal Update

The Department of Finance (DOF) late last week issued a letter to Senate and Assembly Budget and Appropriations committee chairs providing an interim update on the state’s fiscal condition amid the ongoing COVID-19 pandemic. In its letter, DOF discusses economic forecasts and revenue projections, expenditures, federal stimulus measures, and cash flow. DOF provides an overview…

Budget, COVID-19, Reports | April 17, 2020

LAO Issues Report on State Budget Effects of Recent COVID-19 Federal Actions

This week, the Legislative Analyst’s Office (LAO) published a post detailing impacts on California’s state budget in light of COVID-19 and new federal resources that may assist in addressing state budget issues as a result of responding to the pandemic. The LAO examines sources of a potential budget problem where the state’s anticipated General Fund…

Budget, COVID-19 | April 10, 2020

Newsom Administration to Spend $100m in COVID-19 Funds on Child Care for Essential Sector Workers

This afternoon, the Newsom Administration Department of Finance (DOF) sent two letters to Senate and Assembly Budget and Appropriations Committee Chairs notifying the Legislature of the Administration’s intent to provide $100 million in emergency funds approved by the Legislature last month to support child care providers and essential workers. $50 million is proposed to be…

Budget | April 10, 2020

Assembly Budget Committee Issues Memo Detailing Likely Budget Process Changes

On Monday, Assembly Budget Committee Chair Phil Ting issued a memo detailing likely changes in the state’s budget process in light of COVID-19 and its widespread impacts on the state. In the memo, Assembly Member Ting indicates the state’s revenues are expected to be significantly decreased and the full damage to the state’s economy will…

Budget, COVID-19 | April 10, 2020

Senate, Assembly Form Separate COVID-19 Expenditure Oversight Committees

Senate President pro Tempore Toni Atkins and Assembly Speaker Anthony Rendon on Thursday released a joint statement indicating they are organizing committee hearings prior to the Legislature’s return to Sacramento to increase oversight on how funds are being spent during the COVID-19 pandemic. In their statement, Atkins and Rendon noted, “We strongly believe the Governor…

Budget, COVID-19 | April 10, 2020

DOF Notifies Legislature of $495m Down Payment for Masks, Legislature Wants Tracking Webpage

The Department of Finance (DOF) on Tuesdayissued a letter to Senate and Assembly Budget and Appropriations Committee chairs notifying the Legislature of the California Office of Emergency Services’ (Cal OES) intent to make an initial down payment of $495 million to secure a newly established supply chain of masks in response to the COVID-19 pandemic….

Budget, COVID-19 | March 27, 2020

DOF to Reevaluate All Budget Change Requests, Transfers $1.3B to Disaster Response-Emergency Operations Account

This week, the California Department of Finance (DOF) took two significant actions related to the ongoing COVID-19 emergency. DOF Budget Letter On Tuesday, DOF issued a budget letter to all agency secretaries and departmental directors and senior staff notifying them of severe economic impacts, including a significant drop in economic activity with corresponding negative effects…

Category: Budget