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State Budget Cycle Learning Outcomes from this Presentation  Know the three major dates in the process  Understand the differences among the budgets.

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Presentation on theme: "State Budget Cycle Learning Outcomes from this Presentation  Know the three major dates in the process  Understand the differences among the budgets."— Presentation transcript:

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2 State Budget Cycle

3 Learning Outcomes from this Presentation  Know the three major dates in the process  Understand the differences among the budgets presented at the three phases  Be aware of the multi-year nature of each of the three major events

4 “Normal” State Budget Cycle - Overview  January – Governor proposes budget  May – Governor issues revised budget based upon “The May Revise”  After May the real action starts  Due to two factors, there is actually a signed budget by June 30 th – a major change

5 Why is There an On-Time Budget?  A simple majority is required to pass a budget (until recently it took 2/3 vote)  Both house have Democratic party majorities  Legislators do not get paid until there is a signed budget, and there are not retroactive payments The next slide illustrates the traditional budget cycle

6 January March May June Late June-July July-August Governor's Final Actions Assembly AdoptionSenate Adoption LAO Report mid-February May Revise mid-May Assembly Committee on Education Sub-Committee on Finance Senate Committee on Education Sub-Committee on Budget & Finance State Budget Cycle Joint Committee - Legislative Budget Assembly AdoptionSenate Adoption Governor Proposes

7 State Budget Cycle  The bad old days  budget approved in September  Two weeks later billions out of balance  budget adjusted and budget approved on February 20, 2009  One month later both billions out of balance  The new world  Both 12/13 and 13/14 budgets passed on time without a single Republican vote

8 Typical District Budget Timeline  The Next Slide Illustrates the Budget Cycle for a Typical California Community College District  We will discuss the budget cycle within a community college district in a future presentation

9 Budget Calendar January Board of Trustees Budget Assumptions Budget Allocation Committee (Ongoing through the year) District Budget Allocation Business & Fiscal Services MountainBeachDO Business & Fiscal Services Board of Trustees Tentative Budget Proposed Budget Board of Trustees Adopted Budget Board of Trustees Ongoing transfers Mountain BeachDO February March 15 (Sends to) April 10 (Return to) June 25 July 10 August 1 September 10 September to June

10 THE END


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