California Fiscal Year

California's fiscal year runs from July 1 to June 30 of the following year. This period is used by the state government to plan and manage its budget, allocating funds for various services like education, transportation, and public safety. During this time, the state assesses revenues and expenses to ensure it can meet financial obligations. The budget is proposed, reviewed, and approved by the governor and the legislature, reflecting the state’s priorities and economic conditions. Understanding this cycle helps citizens grasp how state programs are funded and the timing of financial decisions.