March 29, 2022 - Presented to the Assembly Budget Subcommittee No. 4 on State Administration and the Assembly Committee on Jobs, Economic Development, and the Economy.
April 3, 2020 - This post in our COVID-19 series on federal actions affecting California summarizes federal financial assistance provided to businesses.
February 13, 2024 - Presented to: Assembly Committee on Jobs, Economic Development, and the Economy Assembly Budget Subcommittee No. 5 on State Administration
February 13, 2020 - This report assesses the Governor’s major 2020-21 budget proposals related to climate change. The four proposals we evaluate are the Governor's (1) cap-and-trade expenditure plan ($965 million), (2) expanded climate adaptation research and technical assistance activities ($25 million), (3) new Climate Catalyst loan fund ($250 million), and (4) climate bond ($4.75 billion).
September 23, 2021 - This post discusses features of the state's spending plan that were not covered elsewhere in the 2021-22 Spending Plan series.
February 20, 2024 - We analyze the Governor's proposals for new spending at the Governor's Office of Business and Economic Development.
October 2, 2024 - This post discusses features of the state's spending plan that were not covered elsewhere in the 2024-25 Spending Plan series.
January 26, 2022 - This 2022-23 budget post provides background on federal COVID-19 business assistance programs and describes the Governor’s proposal to modify state tax laws as they relate to some of these grant programs. This post also provides some comments to the Legislature on the Governor’s proposal.
February 18, 2020 - Presented to: Senate Budget and Fiscal Review Committee Hon. Holly J. Mitchell, Chair
February 5, 2021 - This publication provides detailed information and our initial comments on each component of the Governor's 2021-22 package of proposals—totaling $1 billion—to reduce the risk of severe and damaging wildfires. (See also our publication The 2021-22 Budget: Wildfire Resilience Package for an overview of and our initial comments on the package.)
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.
April 14, 2011 - This letter is a statutorily-required analysis of the community development financial institution (CDFI) tax credit programs.
August 13, 1996 - (1) California’s Transportation Finance Bank, and (2) Economic and Revenue Developments
October 5, 2020 - Each year, our office publishes the California Spending Plan to summarize the annual state budget. This publication provides an overview of the 2020‑21 Budget Act, provides a short history of the notable events in the budget process, and then highlights major features of the budget approved by the Legislature and signed by the Governor. All figures in this publication reflect the administration’s estimates of actions taken through June 30, 2020, but we have updated the narrative to reflect actions taken later in the legislative session. In addition to this publication, we have released a series of issue‑specific posts providing more detail on various programmatic aspects of the budget.
January 13, 2020 - This report presents our office’s initial assessment of the Governor’s budget. We estimate the Governor had a $6 billion surplus to allocate to discretionary purposes in 2020-21. The Governor allocates most of the surplus toward one-time purposes, including maintaining a positive year-end balance in the state’s discretionary reserve. Under the administration’s estimates, total reserves would reach $20.5 billion at the end of 2020-21—this represents a $1.7 billion increase from the 2019-20 enacted level. California continues to enjoy a healthy fiscal situation. Despite its positive near-term picture, the budget’s multiyear outlook is subject to considerable uncertainty. In addition to describing the condition of the budget under the Governor’s proposal, this report discusses tools the Legislature can use to mitigate against these heightened risks.
January 20, 2020: Upon further review, one item included in the original version of Appendix Figure 3 on discretionary on health spending should not have been included (specfically, use of the Medi-Cal drug rebate fund to offset General Fund costs). Removing this item—which reduces General Fund spending—from the list of discretionary choices made in the Governor’s budget increases our calculation of the surplus to $6 billion. The document is updated to reflect these changes.
Update 1/24/20: Adjusted Judicial Branch items in Appendix Figure 1 to reflect ongoing spending.