California Governor Signs Updated Budget Acts and Trailer Bills

Published on July 4, 2024

SACRAMENTO—After months of negotiations, California Gov. Gavin Newsom signed budget bills July 2 as well as other legislation Sunday amending the state’s 2024 budget act, which covers the upcoming and next fiscal year. The governor signed Assembly Bill 107 June 26, which laid the groundwork for the budget, and followed through three days later by signing Senate Bills 108 and 109—which amended the 2024 and 2023 budgets, respectively. Additionally, Tuesday, he signed trailer bills—which further amend the budget and define specific actions not previously included—related to education, Medi-Cal, health care, state government, and taxation. The plan balances the state’s budget over the next two fiscal years with a goal of minimizing budget shortfalls if revenues fail to meet expectations in the coming years....

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