CA ACA4

Requires Governor to identify one-time resources in proposed budget and estimated total state resources available to meet expenditures.

Prohibits passage of budget bills that exceed General Fund revenues, transfers, and balances available from prior fiscal year when combined with other appropriations and transfers to the Budget Stabilization Fund.

Renames Budget Stabilization Account to Budget Stabilization Fund and increases maximum balance threshold from 5% to 10% of General Fund revenues estimate.

Creates Supplemental Budget Stabilization Account funded with 1.5% of General Fund revenues annually beginning October 1, 2013, restricting use to capital outlay and bonded indebtedness retirement.

Requires Director of Finance annual reports (by May 29) on General Fund revenues, revenue forecasts, and school obligations, with unanticipated revenues dedicated first to school funding obligations, then to Budget Stabilization Fund, then to retire outstanding obligations, with remaining funds used for infrastructure, debt retirement, or tax relief.