Joint Budget Committee

Monday, March 2, 2026·▶ Watch / Listen

The Joint Budget Committee worked through balancing-driven budgets for the Governor's office, the Office of Information Technology and the Treasury — clearing most 2.5% general fund cuts without dissent while splitting over a denied AI expansion, an understaffed unclaimed-property program, and two 'big, bold' Treasury ideas that would touch the seniors' homestead exemption and the state's unclaimed-property trust fund.

Key Actions

·Office of the Governor budget overviewAction

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Notable Quotes

“So Gov's not trying to grow his empire. That's just the result of other decisions made elsewhere.”
Jeff Bridges — Acting chair Bridges characterizing the Governor's office general fund increase as the product of common-policy decisions rather than agency expansion.

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TranscriptPreview

JBC is back for another fun day. What do we have on the agenda today, Mr. McClear? Thank you, Mr. Chair. Today I have the office of the Governor for you, which just get right into it. So on page one you will see the constitutive parts. Here you've got the Office of the Governor, Office of the Lieutenant Governor, Office of State Planning and Budgeting, Economic Development Programs, and the Office of Information Technology. I'm going to be making recommendations on many of the decision items for these different offices today. The only ones that will not. I will not be offering recommendation on will be OEDIT has a request for reallocation of Prop 123 funds. You have already approved that for draft. So I'll be bringing that before you after the March forecast. And then on March 15, I'll be bringing a couple items for OIT in front of you. An AI compliance funding request and then the standard payments to OIT common policy. So that, that will be what is outstanding. So on page one here, this is the start of the summary of staff recommendations. You'll see this table here. The thing I want to highlight…

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