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  • Controller Yee Outlines 2019-20 Budget Highlights

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    August 14, 2019
    For  the ninth straight year, California enacted its annual state budget before July 1, the start of the new fiscal year. During the Great Recession, budgets were late by days and sometimes weeks, delaying payments to schools, local governments, businesses, and others who rely on the state to pay its bills.

    Controller Yee, California’s chief fiscal officer, applauded Governor Gavin Newsom for an on-time spending plan she considers both prudent and forward-thinking, with one eye on moving California forward and the other on protecting the state from an inevitable economic downturn. Here are some highlights. Continue reading...