June 15, 2017 Issue #48 Editor's NoteFor a PDF copy of the newsletter please visit the League's website. For more updates from the League, follow us on Twitter and like us on Facebook.FY 2017-18 State Budget Package and Trailer Bills PassedMajor Shift in Board of Equalization Jurisdiction Approved; Several Items PendingThe Legislature adopted its FY 2017-18 budget package today, which largely tracked Gov. Jerry Brown’s framework in his May Revise with total spending of $125.1 billion for the state’s General Fund, and $9.9 billion in total reserves. By the end of FY 2017-18, the Rainy Day Reserve Fund is projected to have a balance of $8.5 billion, equivalent to 66 percent of the Constitutional target.State Budget, Revenue and Taxation, Legislation |
1400 K Street ■ Sacramento, CA 95814 ■ (916) 658-8200 You can unsubscribe here: |