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November 8, 2023 - This post discusses features of the state's spending plan that were not covered elsewhere in the 2023-24 Spending Plan series.
October 16, 2023 - This publication provides a preliminary overview of the 2023-24 Budget Act, gives a brief description of how the budget process unfolded, and then highlights major features of the budget.
September 29, 2023 - The Supplemental Report of the 2023-24 Budget Act contains statements of legislative intent and requests for studies that were adopted by the Legislature during deliberations on the 2023-24 budget package.
June 14, 2023 - Presented to: Senate Committee on Budget and Fiscal Review
May 23, 2023 - This brief presents our office’s independent assessment of the condition of the state General Fund budget through 2026‑27 under our forecast of revenues and spending, assuming the Governor’s May Revision policies were adopted.
May 15, 2023 - As our office publishes responses to the Governor's 2023-24 May Revision, we will add them to this index page.
May 15, 2023 - On May 12, 2023, Governor Newsom presented a revised state budget proposal to the Legislature. (This annual proposed revised budget is called the “May Revision.”) In this brief, we provide a summary of and comments on the Governor’s revised budget, focusing on the overall condition and structure of the state General Fund—the budget’s main operating account.
April 19, 2023 - Through the final months of the 2023-24 budget process, California’s Legislature will make numerous important decisions regarding the allocation of state resources in the context of a budget problem. Few choices will be as consequential for the state’s medium-term fiscal outlook as whether or not to draw upon its budget reserves to close a projected deficit.
February 15, 2023 - This brief provides our current assessment of the scale of the coming budget problems under the Governor’s budget proposals. We also provide our guidance to the Legislature about how to address these shortfalls given current economic conditions.
February 8, 2023 - Presented to: Assembly Committee on Budget
February 1, 2023 - This post provides a brief summary of the administration’s state appropriations limit-related estimates under the Governor’s budget.
January 18, 2023 - Presented to: Senate Committee on Budget and Fiscal Review
January 13, 2023 - On January 10, 2023, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
January 5, 2023 - This handout explores how program spending increased since 2013-14. We focus on trends in spending since the onset of the COVID-19 pandemic.
December 15, 2022 - Persistent high inflation presents federal and state policymakers with an economic problem not seen in roughly four decades. In fact, during much of the past 15-year period, inflation not only was subdued, it consistently ran below the Federal Reserve’s (the Fed’s) target of 2 percent. Chronically below-target inflation eventually prompted the Fed in August 2020 to adjust its policy framework to combat this tendency. Not long after, however, in the wake of the COVID-19 pandemic, inflation trends and the Fed’s orientation to them began to reverse. Once it emerged, inflation accelerated throughout 2021 and has remained elevated this year with as yet indeterminate signs of abating.