The Final 2014-15 Budget

On June 15, the majority party enacted their 2014-15 budget plan on a majority vote of the Legislature.  Governor Brown signed the budget into law on June 20.
This edition of California Budget Fact Check examines how the final 2014-15 state budget impacts key spending priorities, and found that:
  • Despite increased revenue and savings in a new Rainy Day Fund reserve, the final budget missed the opportunity to repay more debt and save more for the future.
  • The final budget continues some of the mistakes of the past by using one-time money to launch or expand major entitlement programs.
  • It fails to fulfill the promise of the voter-approved Proposition 30 and spends dollars earmarked for education for other areas of state spending.