General Government
9658 Budget Stabilization Account

Proposition 2, approved by voters in November 2014, replaces the Proposition 58 (2004) version of the Budget Stabilization Account (BSA) to build a stronger "rainy day" reserve while requiring accelerated debt pay down.

Beginning with the 2015-16 fiscal year, Proposition 2 requires a transfer from the General Fund to the BSA by October 1 of each year. This transfer includes fifty percent of the sum of 1.5 percent of estimated General Fund revenues and the amount of capital gains revenues over 8 percent of General Fund tax proceeds that is not required to fund Proposition 98. More.....

EXPENDITURES Back to Top
The following table presents proposed and revised budget year expenditures for this Department.
Expenditures January '15
Proposed*		 May '15
Revised* 		Change* % Change
Totals Expenditures (excluding Infrastructure)
$-
$-
$-
-
    Infrastructure
-
-
-
-
Totals, All Expenditures
$-
$-
$-
-

POSITIONS Back to Top
The following table presents proposed and revised budget year positions for this Department.
Positions January '15
Proposed		 May '15
Revised 		Change % Change
Totals, Positions - - - -

DETAILED EXPENDITURES BY STATE FUNDS Back to Top
The following table presents proposed and revised state fund expenditure amounts for the budget year by General Fund, special funds, and selected bond funds.
Expenditures January '15
Proposed*		 May '15
Revised* 		Change* % Change
General Fund
$-
$-
$-
-
Special Funds
-
-
-
-
Selected Bond Funds
-
-
-
-
Totals, State Funds
$-
$-
$-
-

ADDITIONAL INFORMATION Back to Top
Proposed Budget Detail - Budget Stabilization Account (January 2015)
Displays Proposed Budget Detail information for Budget Stabilization Account.