Jan 11, 2009
With little advance notice and minimal fanfare, Director of Finance Mike Genest released the 2009-10 Governor’s Budget General Fund Proposals on New Year’s Eve. The document presents an overview of the Governor’s proposals for balancing the 2009-10 budget, as well as closing the gap projected for the remainder of 2008-09. Unlike the traditional Governor’s Budget Summary, the documents released on December 31 provide more limited information in a format that mirrors that typically used for the Governor’s May Revision. Director of Finance Genest stated that the Governor would fulfill his constitutional obligation to introduce a comprehensive spending plan, including a budget bill, next week. The December 31 documents include most of the Governor’s 2008-09 special session proposals, with others aimed at bridging a budget gap that continues to widen due to the worsening economic downturn. Documents outlining the proposal are available at:
http://www.dof.ca.gov/
http://cbp.org/documents/01022009budgetrelease.pdf
