Governor Gavin Newsom submitted his 2022-23 State Budget proposal to the Legislature on January 10, 2022 – a $286 billion spending plan that estimates a $45.7 billion surplus, of which $20.6 billion is discretionary, $16.1 billion is mandated by Proposition 98 for K-14 education, and $9 billion is set aside for reserve and supplemental pension payments. The State Appropriations Limit (Gann Limit) is likely to be exceeded in both 2020-21 and 202122 by a total of $2.6 billion, which will require additional funding to be directed to schools and taxpayer rebates. The administration will update the State Appropriations Limit numbers as part of the May Revision.
The January budget update contains a detailed review of the budget proposals for nearly a dozen items that are important to jurisdictions across California.
Read the full January Budget Update here.