The Enacted Budget Summary reflects the state spending plan passed by the Legislature and signed by the Governor. The Enacted Budget Summary provides
Enacted Budget Summary information for selected
, and veto messages.
BUDGET OVERVIEW Back to Top
The 2007 Budget Act signed by Governor Schwarzenegger includes the largest reserve of any budget act in the state's history. The May Revision proposed a total reserve of $2.2 billion. Due to the shortfall in revenue collections that came to light in June, and in recognition of the state's continuing structural deficit and other potential threats, the Legislature took actions to reduce spending and increase funds available, thereby increasing the total reserve to an unprecedented $3.4 billion. The Governor further reduced spending with $703 million in General Fund vetoes, raising the total reserve to $4.1 billion. As a result, General Fund spending growth in this budget is held to $0.6 billion, or 0.6 percent.
PRINTABLE BUDGET DOCUMENTS Back to Top
Enacted Budget Summary - All Chapters (pdf *)
Provides the entire Enacted Budget Summary in pdf format. Veto messages are included at the end of this printable document.