California’s Fiscal Year Budget: 2012-2013

On June 27, 2012, Governor Brown signed the new Budget for California’s 2012-13 fiscal year. The Budget addresses a $15.7 billion deficit (up sharply from the $9.2 billion predicted in January, but now in alignment with Legislative Analyst’s projections). The Budget calls for $16.6 billion in cuts and revenue (leaving a $948 million reserve fund).  The plan includes:

  • $6 billion in additional revenues from a November ballot measure asking voters to increase the sales tax by ½ percent and impose higher income tax rates on high-income Californians.
  • $6.1 billion in “triggered” cuts to take effect on January 1, 2013 if voters don’t approve the November measure.
  • $8.1 billion in cuts to CalWORKs, child care, Cal Grants, Medi-Cal, In-Home Supportive Services and other programs.
  • $2.5 billion in loan repayment extensions, transfers and other one-time solutions.

The Budget follows years of reductions that have scaled back critical public programs and institutions. This policy-making has thrown the system of long term supports and services into chaos and put thousands of seniors and people with disabilities in peril… and it is not over.

Read more about the decisions enacted by the FY 2012-13 State Budget that would directly impact seniors and senior services in Alameda County.

Return to the State Budget page here.