Sacramento, CA–Governor Gavin Newsom today introduced a 2023-24 state budget proposal that maintains the state’s unprecedented investments in Californians while fortifying the state’s strong fiscal foundation amid economic and revenue uncertainties ahead.
2023-24 State Budget Fact Sheet
Despite the slowdown impacting the state’s economic and revenue outlook this year, the state’s commitment to building reserves and budget resiliency over the last several years enables the 2023-24 state budget proposal to sustain key investments reflecting the values and priorities of Californians. This includes major funding to transform our education system, address the homelessness crisis and housing affordability, increase health care access, tackle the climate crisis, keep Californians safe and expand economic development and growth across the state.
Through strong fiscal planning, the Governor’s proposed budget will protect core programs and invest in the state’s future by continuing to:
- Advance the highest state education per-pupil funding in history, free school meals for every child and universal transitional kindergarten
- Implement historic investments to address homelessness and expand housing supply
- Expand Medi-Cal, cut prescription drug costs and bolster mental and behavioral health services
- Fight climate change and protect communities from flooding, drought, wildfires and extreme heat
- Keep Californians safe through expanded efforts to combat fentanyl, organized retail theft and other crimes
- Support economic development and small business across the state
The full budget summary is available at www.ebudget.ca.gov.
