Governor Proposes Balanced Budget Highlighted by New Revenues, Investments in Education, and Expanded Health Coverage PDF Download

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The Governor's proposed budget includes increased funding levels for K-12 schools and higher education and calls for the expansion of Medi-Cal, the state's health care program for low-income families, as part of the state's implementation of federal health care reform. [...] Still, the state gained an average of 21,200 jobs per month in the first 11 months of 2012, and the Administration's forecast projects nonfarm employment to grow 2.1 percent in 2013, 2.4 percent in 2014, and 2.5 percent in 2015, recovering jobs lost during the recession by the second quarter of 2015. [...] As a result, the Governor proposes two options for implementing the Medicaid expansion in California: The state-based approach would enroll newly eligible Californians directly into Medi-Cal and provide the full range of Medi-Cal benefits to these new enrollees, with the exception of long-term care, which would not be part of the standard benefit package. [...] Shift $92 million in Proposition 98 funding and $12.4 million in Charter School Revolving Loan Fund dollars to the California School Finance Authority (CSFA) to reflect the proposed realignment of the Charter School Facility Grant Program and the Charter School Revolving Loan Program from the California Department of Education to the CSFA. [...] o In 2013-14, this funding increase would equal $125.1 million each for the UC and CSU, and would be provided in addition to the $125 million General Fund that both the UC and CSU will receive for not increasing tuition and fees in 2012-13, as required by the 2012-13 budget agreement.