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State Budget Condition Publications

To browse all LAO publications, visit our Publications page.


 




Handout

Repaying Special Fund Loans

August 29, 2013 - Presented to: Senate Budget and Fiscal Review Committee

Report

Supplemental Report of the 2013-14 Budget Package

August 15, 2013 - Statements of legislative intent and requests for studies adopted during deliberations on the 2013-14 budget package.

Handout

The 2013-14 Budget: Conference Committee Overview

May 31, 2013 - Presented to: Budget Conference Committee

Report

The 2013-14 Budget: Overview of the May Revision

May 17, 2013 - In the May Revision, the administration forecasts that weaker tax collections in the coming months will erode the vast majority of the $4.5 billion of unexpected tax revenues collected since January. We do not agree with the administration's view of the state's revenue situation. As a result, our forecast now is $3.2 billion higher than the administration's May Revision total for 2011-12, 2012-13, and 2013-14 combined. While the state's fiscal condition has improved, there are many good reasons for the Legislature to adopt a cautious budgetary posture. After years of "boom and bust" budgeting, California's leaders now have the opportunity to build a budget for future years that gives the state more choices about how to build reserves in times of healthy revenue growth, prioritize future state spending, and pay off past debts. Given the improved fiscal forecast, we believe this is an ideal time for the Legislature to begin addressing its huge budgetary and retirement liabilities. In addition, given various risks to the economic outlook and the state's budgetary volatility, building larger state budget reserves in the coming years is an important priority, as doing so means there will be less necessity during future downturns to cut public spending, as occurred in recent years.

Handout

Overview of State Fiscal Functions

March 21, 2013 - Presented to Senate Budget and Fiscal Review Subcommittee No. 4 on State Administration and General Government

Report

The 2013-14 Budget

February 4, 2013 - We will release publications aimed at addressing the 2013-14 budget situation. These will include all major areas of the budget, including Proposition 98 and K-12 Education, Higher Education, Health, Social Services, Resources, Transportation, and Criminal Justice.

Report

The 2013-14 Budget: Overview of the Governor's Budget

January 14, 2013 - The Governor’s proposed budget reflects the significant improvement in the state’s finances that our office identified in November. The state has now reached a point where its underlying expenditures and revenues are roughly in balance, meaning that—under our and the administration’s fiscal forecasts—state-supported program and service levels established in 2012-13 will generally continue “as is” in 2013-14 and 2014-15. Because there are still considerable risks to revenue estimates given uncertainty surrounding federal fiscal policy and the volatility inherent in our revenue system, the Governor’s focus on fiscal restraint and paying off debts is appropriate. The budget contains major proposals in education, including a new formula for funding schools and additional resources for the public university systems, and presents alternatives for implementing the federal health care reform law.

Report

Cal Facts: 2013

January 2, 2013 - With a state as big, as populous, and as complex as California, it would be impossible to quickly summarize how its economy or state budget works. The purpose of Cal Facts is more modest. By providing various "snapshot" pieces of information, we hope to provide the reader with a broad overview of public finance and program trends in the state. Cal Facts consists of a series of charts and tables which address questions frequently asked of our office.

Report

The 2013-14 Budget: California's Fiscal Outlook

November 14, 2012 - The 18th annual edition of the LAO's Fiscal Outlook--a forecast of the state's budget condition over the next five years--shows that California's budget situation has improved sharply. The state's economic recovery, prior budget cuts, and the additional, temporary taxes provided by Proposition 30 have combined to bring California to a promising moment: the possible end of a decade of acute state budget challenges. Our economic and budgetary forecast indicates that California's leaders face a dramatically smaller budget problem in 2013-14 compared to recent years. Furthermore, assuming steady economic growth and restraint in augmenting current program funding levels, there is a strong possibility of multibillion-dollar operating surpluses within a few years.

Handout

Proposition 32: Political Contributions by Payroll Deduction

September 25, 2012 - Presented to Senate Elections and Constitutional Amendments Committee, Hon. Lou Correa, Chair and Assembly Elections and Redistricting Committee, Hon. Paul Fong, Chair

Handout

Hearing Concerning Propositions 30, 31, and 38

September 24, 2012 - Presented to Assembly Budget Committee, Hon. Bob Blumenfield, Chair

Report

The 2012-13 Budget: California Spending Plan

September 13, 2012 - The LAO’s annual "California Spending Plan" publication includes detailed descriptions of this year’s state budget package, as approved by the Legislature and the Governor. Included are highlights from the administration’s official scoring of the budget package. This final version of the publication reflects gubernatorial actions on budget-related bills through the end of September 2012. (Revised 10/4/12)

Handout

Issues Concerning the Accounting of California's Special Funds

August 15, 2012 - Presented to Senate Budget and Fiscal Review Committee, Hon. Mark Leno, Chair

Report

Supplemental Report of the 2012-13 Budget Package (Updated)

August 10, 2012 - Statements of legislative intent and requests for studies adopted during deliberations on the 2012-13 budget package. (UPDATED 1/9/13)

Handout

Issues Concerning the Accounting of California's Special Funds

August 9, 2012 - Presented to: Assembly Budget Subcommittee No. 6 on Budget Process, Oversight and Program Evaluation, Hon. Bob Blumenfield, Chair

State Budget Condition Staff

Ann Hollingshead
(916) 319-8305
State Budget and Federal Funding
 
Carolyn Chu
(916) 319-8326
Chief Deputy Legislative Analyst