California Department of Finance Archives

California Department of Finance Review of Agency Regulations

December 15, 2022 7:06 amDecember 15, 2022 7:08 am

One of the key roles played by the federal Office of Management and Budget (OMB) is the review and approval of federal regulations adopted by federal agencies and departments. In California, that role is played primarily by the Office of...

What Are the Department of Finance’s Required Reports to the Legislature?

December 9, 2022 7:08 amDecember 9, 2022 7:12 am

California Government Code Section 13308 requires five reports to the Legislature that must be submitted by the Director of the Governor’s Department of Finance (DOF). The state Constitution only requires the Governor to submit his or her budget within the...

California State Assembly nearly empty except for a few folks in the balcony.

Commission on State Mandates Reports to the California Legislature

November 30, 2022 6:25 amNovember 30, 2022 6:29 am

Article 3 of Chapter 4 of Part 7 of Division 4 of Title 2 of the California Government Code concerns reports to the Legislature by the Commission on State Mandates (CSM). Government Code Section 17600 requires, at least twice each...

Important Budget Publications from California Department of Finance

November 21, 2022 6:21 amNovember 21, 2022 6:22 am

For those unfamiliar with the California budget process, the California Department of Finance (DOF) publishes a number of important “budget references” that are valuable to those involved or interested in the state budget process. Department Index – this document provides...

What Is the Difference Between GO and Revenue Bonds?

November 17, 2022 12:59 pmNovember 17, 2022 1:02 pm

For those involved in California legislation, you might have heard about “G.O. bonds” and “revenue bonds.” What is the difference between the two types of bond measures? First, G.O. stands for general obligation. Second, California’s Department of Finance (DOF) defines...

California Facing $25 Billion Budget Shortfall Next Year

November 16, 2022 4:46 pmNovember 17, 2022 8:19 pm

A Legislative Analyst’s Office report released on Wednesday found that California revenue is $41 billion below expectations, likely resulting in a massive $25 billion shortfall in the upcoming 2023-2024 state budget. The LAO recommends lawmakers start cutting the budget when...

Gov. Newsom Vetoes Mandatory Kindergarten Bill

September 26, 2022 12:15 pmSeptember 27, 2022 10:33 am

A bill to make kindergarten mandatory for all students entering the first grade in California was vetoed by Governor Gavin Newsom Sunday night, one of dozens of bills either signed into law or rejected in his newest legislative update. Senate...