Despite Fiscal Forecasting Uncertainties, Multiyear Budget Planning Essential

May 27, 2021 - While the state ’s overall bond rating is a distillation of numerous individual factors —many of them exogenous —budget management is a category over which state officials have direct control. Proposition  2 (2014) enshrined in the State Constitution the Department of Finance ’s (DOF ’s) requirement to semiannually prepare a multiple-year General Fund forecast.
https://lao.ca.gov/Publications/Report/4443

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - Furthermore, robust revenue trends in recent months point to a potentially sizeable state budget surplus —independent of the federal funds. As we highlighted in our recent report , the state’s present fiscal trajectory puts it on a course to exceed the constitutional state appropriations limit (SAL).
https://lao.ca.gov/Publications/Report/4422

The 2021-22 Budget: Multiyear Budget Outlook

May 23, 2021 - Under the Governor’s May Revision proposals, however, in future years, the state could collect revenues in excess of the SAL, but not have a surplus. If that occurred, the state would need to make cuts to existing programs in order to meet its constitutional requirements.
https://lao.ca.gov/Publications/Report/4437

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - CalEPA = California Environmental Protection Agency; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of Resources Recycling and Recovery; CARB = California Air Resources Board; ZEV = zero ‑emission vehicle; CCC = California Conservation Corps; CEC = California Energy Commission; CNRA = California Natural Resources Agency; DFW = Department of
https://lao.ca.gov/Publications/Report/4432/7

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details]

Nov 17, 2021 - The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details] The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges Format: HTML Description: Each year, the state calculates a “minimum guarantee” for school and community college funding based upon a set of formulas established by Proposition 98 (1988).
https://lao.ca.gov/Publications/Detail/4473

The 2021-22 Budget: Initial Comments on the Governor’s May Revision [Publication Details]

May 17, 2021 - The 2021-22 Budget: Initial Comments on the Governor’s May Revision [Publication Details] The 2021-22 Budget: Initial Comments on the Governor’s May Revision Format: HTML Description: On May 14, 2021, Governor Newsom presented a revised state budget proposal to the Legislature.
https://lao.ca.gov/Publications/Detail/4432

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - It is possible that future state proposals to eliminate or reduce IHSS services could face the similar legal challenges. Other Items Provide Funding for Newer State Programs. Not all suspensions directly fund longstanding government programs.
https://lao.ca.gov/Publications/Report/4328

A Framework for Allocating Federal Recovery Funds [Publication Details]

May 4, 2021 - Moreover, beyond a relatively broad set of pandemic-related parameters, the ARP likely provides states with considerable flexibility over how to allocate the funds, presenting the Legislature with a unique opportunity.
https://lao.ca.gov/Publications/Detail/4422

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4432/6

An Update on California’s Cash Management Situation

Aug 31, 2020 - State Controller Uses a Variety of Techniques to Manage Cash Position. The General Fund ’s daily cash situation is monitored and managed by the State Controller ’s Office (SCO). (The daily cash situations of other state funds, like special funds, are primarily managed by state departments.)
https://lao.ca.gov/Publications/Report/4266