Governor Brown, Senate Pro Tem Steinberg & Speaker Pérez Announce Budget Agreement

June 11, 2013

Governor Jerry Brown, State Senate President pro Tempore Darrell Steinberg, and Assembly Speaker John A. Pérez have jointly announced agreement on a 2013-14 California state budget that aggressively pays down debt, establishes a robust reserve, and funds modest targeted investments to strengthen California. The agreement on the $96.3 billion General Fund Budget announced at a Capitol press conference also includes a compromise on the Governor’s Local Control Funding Formula, raising per-pupil spending for kindergarten through 12th grade across the board while significantly increasing funding for disadvantaged students.

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