{"id":19070,"date":"2025-01-14T07:20:35","date_gmt":"2025-01-14T15:20:35","guid":{"rendered":"https:\/\/calcanstaging.kinsta.cloud\/?p=19070"},"modified":"2025-01-13T20:46:41","modified_gmt":"2025-01-14T04:46:41","slug":"proposed-fy25-26-budget-relies-on-prop-4-funding","status":"publish","type":"post","link":"https:\/\/calclimateag.org\/es\/proposed-fy25-26-budget-relies-on-prop-4-funding\/","title":{"rendered":"El presupuesto propuesto por el Gobernador Newsom para el a\u00f1o fiscal 25-26 se basa en la Proposici\u00f3n 4 para inversiones en alimentaci\u00f3n y agricultura"},"content":{"rendered":"

On January 10, Governor Newsom released the <\/span>details of his proposed budget<\/span><\/a> for the fiscal year starting in July 2025 and ending in June 2026 (FY 25-26). The proposed budget includes funding from <\/span>Proposition 4<\/span><\/a> (a wildfire, water, and climate-focused bond measure approved by voters in November) for a number of programs CalCAN has advocated for, including the Healthy Soils Program (HSP) and the State Water Efficiency and Enhancement Program (SWEEP). The budget also includes funding to develop a new regional equipment-sharing program, inspired by legislation (AB 2313) authored by Assemblymember Steve Bennett and sponsored by CalCAN.<\/span><\/p>\n

Disappointingly, the proposed budget does not include funding for the Alternative Manure Management Program (AMMP) or Organic Transition Pilot Program, both CalCAN priorities. CalCAN will advocate for restoring funding to these programs through the budget process and cap-and-trade reauthorization process this year (more on the latter below).<\/span><\/p>\n

Budget Outlook: Balanced Budget for FY 25-26 but Projected Deficits in Years Ahead<\/b><\/h2>\n

Overall, the current budget outlook for fiscal year (FY) 25-26 is balanced with a small surplus of $363 million, thanks to proactive, multi-year fiscal decisions made by the legislature and Governor in 2024 and higher than projected income tax revenues driven by the recent stock market rally. This is a welcome change after the past two years of <\/span>severe budget deficits<\/span><\/a>. Still, the Newsom administration and independent <\/span>legislative analyst\u2019s office<\/span><\/a> are urging caution about new spending due to projected budget deficits in the next few years and uncertainty related to the fiscal impact of the incoming federal administration\u2019s policies (e.g., tariffs and trade wars, changes to social safety net programs such as Medicare, withholding wildfire disaster aid, etc.). Moreover, state agencies are still enacting across-the-board eight percent budget cuts as a result of last year\u2019s deficit budget.<\/span><\/p>\n

Given this context, the budget proposes no new general fund investments for programs CalCAN has historically advocated for.<\/i><\/b><\/p>\n

Proposition 4 Bond Measure: The Main Source of Food and Farm Investments<\/b><\/h2>\n

Instead, the Governor proposes using expected revenue from Proposition 4 to fund a number of programs.\u00a0<\/span><\/p>\n

Programs Proposed to Receive Prop 4 Funding in FY 25-26:<\/span><\/i><\/p>\n

Specifically, the budget proposal allocates the following funds in FY 25-26, all of which CalCAN advocated for through our <\/span>campaign with the Food and Farm Resilience Coalition<\/span><\/a> over the past four years:<\/span><\/p>\n