By Miriam Raftery
June 21, 2013 (Sacramento) – For the first time in recent years, the California Legislature approved a budget that is not only on time, but a week ahead of deadline. The budget, pushed through by the new Democratic supermajority of two-thirds in both houses, includes substantial increases in funding for education, healthcare, students, and the courts. The budget awaits the Governor's signature.
The budget projects $97.1 billion in general fund revenues. It includes $96.3 billion in spending for the 2013-14 fiscal year starting July 1 and maintains a $1.1 billion resere, also paying down debt accumulated during the recession.