9658 Budget Stabilization Account
Major Program Changes
  • The Governor's Budget reflects the transfer of $1.494 billion from the Budget Stabilization Account to the General Fund as ordered by the Director of Finance in order to maintain a prudent General Fund reserve consistent with Control Section 35.60 of the 2007 Budget Act, and constitutional provisions enacted by Proposition 58. The transfer is necessary to address a fiscal emergency proclaimed by the Governor.

  • The Governor's Budget reflects a suspension of the General Fund transfer to the Budget Stabilization Account in 2008-09 as authorized by Article XVI, Section 20, of the State Constitution.