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Newsom Signs 2022—23 State Budget

On June 30^th, ahead of the new fiscal year, Governor Gavin Newsom signed the $307.9 billion state budget. The budget covers the 2022—23 fiscal year that began Friday, July 1st. Newsom, echoed by legislative leaders, has touted that this budget aims “to help address rising costs, tackles the state’s most pressing needs, builds our reserves, and invests in California’s future.”

Notably, the budget includes refunds to Californians to offset higher gas prices and inflation. Another issue that garnered attention was Newsom’s energy plan to “keep the lights on”. Despite some concerns raised, the Legislature ultimately approved the Governor’s budget proposal to establish the Strategic Reliability Reserve (SRR) to be administered by the Department of Water Resources (DWR) to support electrical grid reliability. Broadly, it authorizes the purchase of power from fossil fuel plants and Diablo Canyon when state supplies are running short.

Specifically, the budget and related budget-implementing legislation signed by the Governor today include:

• AB 178 by Assemblymember Philip Ting (D-San Francisco) – Budget Act of 2022.
• AB 180 by Assemblymember Philip Ting (D-San Francisco) – Budget Act of 2021.
• AB 181 by the Committee on Budget – Education finance: education omnibus budget trailer bill.
• AB 182 by the Committee on Budget – COVID-19 emergency response: Learning Recovery Emergency Fund: appropriation.
• AB 183 by the Committee on Budget – Higher education trailer bill.
• AB 186 by the Committee on Budget – Public health.
• AB 192 by the Committee on Budget – Better for Families Tax Refund.
• AB 194 by the Committee on Budget – Taxation.
• AB 195 by the Committee on Budget – Cannabis.
• AB 199 by the Committee on Budget – Courts.
• AB 200 by the Committee on Budget – Public safety omnibus.
• AB 202 by the Committee on Budget – County jail financing.
• AB 203 by the Committee on Budget – Public resources.
• AB 205 by the Committee on Budget – Energy. A signing message can be found here.
• AB 210 by the Committee on Budget – Early childhood: childcare and education.
• SB 125 by the Committee on Budget and Fiscal Review – Public resources: geothermal resources: lithium.
• SB 130 by the Committee on Budget and Fiscal Review – State employment: State Bargaining Units 5, 6, 7, and 8: agreements.
• SB 131 by the Committee on Budget and Fiscal Review – November 8, 2022, statewide general election: ballot measures.
• SB 132 by the Committee on Budget and Fiscal Review – State employment: State Bargaining Units 16 and 18: agreements.
• SB 184 by the Committee on Budget and Fiscal Review – Health.
• SB 187 by the Committee on Budget and Fiscal Review – Human services.
• SB 188 by the Committee on Budget and Fiscal Review – Developmental services omnibus.
• SB 189 by the Committee on Budget and Fiscal Review – State Government.
• SB 191 by the Committee on Budget and Fiscal Review – Employment.
• SB 193 by the Committee on Budget and Fiscal Review – Economic development: grant programs and other financial assistance.
• SB 196 by the Committee on Budget and Fiscal Review – State employment: State Bargaining Units: agreements.
• SB 197 by the Committee on Budget and Fiscal Review – Housing.
• SB 198 by the Committee on Budget and Fiscal Review – Transportation.
• SB 201 by the Committee on Budget and Fiscal Review – Taxation: Earned Income Tax Credit: Young Child Tax Credit: Foster Youth Tax Credit.

For more information, please see the Governor’s office press release here