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.....

MAJOR PROGRAM CHANGES Back to Top
  • Supplemental Transfer to the BSA - The Budget proposes a $2 billion transfer from the General Fund to the BSA in addition to the current projected amounts required by Section 20 of Article XVI of the California Constitution for fiscal years 2015-16 and 2016-17. In the event the amounts required to be transferred for 2015-16 and 2016-17 exceed the current estimate in the Governor's Budget, this supplemental transfer shall be first applied towards meeting the additional requirement. The current projection for the required amounts for both 2015-16 and 2016-17 is $4.405 billion. The application of this $2 billion transfer includes the base transfer and the two subsequent true up transfers for these two fiscal years.
PROGRAMS Back to Top

Refer to the Program Descriptions for a description of programs operated by this state agency.
PRINTABLE BUDGET DOCUMENTS Back to Top
The following identifies budget documents for this state agency that are available in a printable (pdf) format.

 Entire Budget Stabilization Account Budget (pdf * - 7K) in pdf format.
This document provides a printable format (pdf) of all budget information for this state agency. Note: Along with other information, this document includes the documents listed below.

 Fund Condition Statements ONLY (pdf * - 3K)
This document provides a printable format (pdf) of only the fund condition statements for each fund administered by this state agency.

 Detail of Appropriations and Adjustments ONLY (pdf * - 2K)
This document provides a printable format (pdf) of only the detail of appropriations and adjustments for this state agency.

ADDITIONAL INFORMATION Back to Top
Legal Citations and Authority
Includes the legal citations (state statutes, federal statutes, and court orders) for operation of department programs and activities.