January 13, 2024
The 2024‑25 Budget
Overview of the Governor’s Budget
Appendix 2: All Other Solutions
Appendix 2, Figure 1
All Other Solutions Proposed in the 2024‑25 Governor’s Budget
General Fund (In Millions)
|
Type |
Description |
2022‑23 |
2023‑24 |
2024‑25 |
|
Cost Shift |
June payroll into July deferral |
— |
— |
$1,577 |
|
Cost Shift |
Altered allocation of CalPERS payment to achieve more savings |
— |
— |
1,296 |
|
Cost Shift |
Loans to the General Fund from special funds |
— |
— |
1,239 |
|
Cost Shift |
Extended repayment schedule for current loans |
— |
— |
183 |
|
Cost Shift |
CHP, performance criteria for six area offices (cash to bonds) |
— |
$13 |
— |
|
Cost Shift |
DMV, Oxnard: field office reconfiguration (cash to bonds) |
— |
14 |
— |
|
Cost Shift |
DMV, El Centro: field office replacement (cash to bonds) |
— |
2 |
— |
|
Reserve Withdrawal |
Half of BSA mandatory balance |
— |
— |
10,227 |
|
Reserve Withdrawal |
Entire BSA discretionary balance |
— |
— |
1,799 |
|
Reserve Withdrawal |
Entire Safety Net Reserve balance |
— |
— |
900 |
|
Revenue Related |
Limitation of NOLs |
— |
— |
300 |
|
Revenue Related |
Tax Treatment of Charitable Conservation Easements |
— |
— |
55 |
|
Revenue Related |
Elimination of Bad Debt Deduction |
— |
— |
25 |
|
Revenue Related |
Elimination of Percentage Depletion Tax Expenditure |
— |
— |
15 |
|
Revenue Related |
Elimination of Intangible Drilling Cost Expensing Tax Expenditure |
— |
— |
7 |
|
Schools and Community Colleges (Proposition 98) |
Fund at the minimum requirement |
$9,554 |
2,824 |
2,845 |
|
Totals |
$9,554 |
$2,854 |
$20,468 |
|
|
CHP = California Highway Patrol; DMV = Department of Motor Vehicles; BSA = Budget Stablization Account; and NOL = net operating losses. |
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