The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals [Publication Details]

Mar 26, 2019 - While the state has already addressed many of its outstanding deferrals, there are still three major categories of deferrals remaining. These are related to: (1) state employee payroll, (2) pension payments, and (3) Medi-Cal payments.
https://lao.ca.gov/Publications/Detail/3988

The 2019-20 Budget: The Governor's Proposal for a New Office of Digital Innovation

Mar 22, 2019 - Evaluating the Benefits of Centralized Placement of State IT Staff. By proposing to create new business process reengineering and digital services teams within GovOps, the administration appears to support, at least to some degree, the centralized placement of some state IT staff.
https://lao.ca.gov/Publications/Report/3981

Structuring the 2019-20 Budget: Reserves, Debt, and Liabilities [Publication Details]

Mar 5, 2019 - Assembly Budget Subcommittee No. 4 on State Administration
https://lao.ca.gov/Publications/Detail/3964

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - In this section, we discuss four major state retirement liabilities. State Employees ’ Pensions.  Depending on their job, state employees earn pension benefits under one of five state pension plans (Miscellaneous, Industrial, Safety, Peace Officer/Firefighter, and Highway Patrol) administered by the California Public Employees ’ Retirement System (CalPERS).
https://lao.ca.gov/Publications/Report/3925

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities [Publication Details]

Feb 5, 2019 - We begin with background to explain the state budget structure, budget problems, and options for addressing budget problems. We also provide background on the state’s existing reserves and debts and liabilities.
https://lao.ca.gov/Publications/Detail/3925

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - In addition to required annual contributions, the Governor proposes that the state make supplemental contributions from the General Fund to the pension systems to reduce the unfunded liabilities and reduce state costs over the next few decades.
https://lao.ca.gov/Publications/Report/3916

The 2019-20 Budget: Overview of the Governor's Budget [Publication Details]

Jan 14, 2019 - Although the Governor’s allocation to discretionary reserves represents a smaller share of resources than recent budgets, the Governor’s decision to use a significant share of resources to pay down state debts is prudent.
https://lao.ca.gov/Publications/Detail/3916

The Great Recession and California's Recovery [Publication Details]

Dec 13, 2018 - California was called "ungovernable," "a wreck," and "a failed state." Today, California's fiscal position is dramatically different. While the budget still faces challenges, the state has made undeniable progress: the Legislature has enacted budgets that consistently increased savings, addressed many of the state's outstanding debts, and most
https://lao.ca.gov/Publications/Detail/3910

Cal Facts 2018 [Publication Details]

Dec 6, 2018 - With a state as big, as populous, and as complex as California, quickly summarizing how its economy or state budget works is impossible. Instead, Cal Facts is a visual guide—using a variety of different charts—to the state's economy, revenues, and major program trends.
https://lao.ca.gov/Publications/Detail/3905

The 2019-20 Budget: California's Fiscal Outlook [Publication Details]

Nov 14, 2018 - The longer-term outlook for the state also is positive. Under our economic growth scenario, the state would have operating surpluses averaging around $4.5 billion per year (but declining over time). Under our recession scenario, the state would have enough reserves to cover a budget problem—provided the Legislature used all of the available resources in 2019-20 to build more reserves.
https://lao.ca.gov/Publications/Detail/3896