Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - Under these reevaluations, the rainy day fund deposit is revised up (down) if capital gains taxes were higher (lower) than the state ’s prior estimates. The state does not revisit its estimate of the base amount in the true up calculation.
https://lao.ca.gov/Publications/Report/3727

The 2016-17 Budget: Overview of the Governor's Budget [Publication Details]

Jan 11, 2016 - This publication is our office’s initial response to the 2016-17 Governor’s Budget proposal. Estimates of state personal income taxes and required school funding are up significantly. In allocating discretionary resources in the 2016-17 budget, the Governor prioritizes growing state budget reserves.
https://lao.ca.gov/Publications/Detail/3324

The 2018-19 Budget: Overview of the Governor's Budget [Publication Details]

Jan 12, 2018 - This publication is our office’s initial response to the Governor’s 2018-19 budget. In the proposed plan, the Governor places a high priority on building reserves, proposing a total reserve balance of nearly $16 billion. We believe the Governor’s continued focus on building more reserves is prudent in light of economic and federal budget uncertainty.
https://lao.ca.gov/Publications/Detail/3731

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan

Apr 4, 2018 - Whereas the General Fund receives revenues from various taxes and fees that can be used for any public purpose, other funds have programmatic restrictions. For instance, special funds have specific revenue sources (such as user fees) and programmatic uses established in state law.
https://lao.ca.gov/Publications/Report/3797

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - As required by Proposition  56 (2016), the budget provides $32  million in new cigarette tax revenue to support tobacco use prevention education in California schools. The funds are to be allocated in accordance with the existing Tobacco Use Prevention Education program administered by CDE.
https://lao.ca.gov/Publications/Report/3694/3

The 2017-18 Budget: Overview of the Governor's Budget

Jan 13, 2017 - This publication is our office’s initial response to the Governor's 2017-18 budget proposal. The administration's estimates anticipate slow growth in the personal income tax (PIT), the state’s dominant revenue source. The Governor’s estimate of PIT growth in 2017-18 is probably too low.
https://lao.ca.gov/Publications/Report/3528

The 2015-16 Budget: Analysis of the Health Budget [Publication Details]

Feb 12, 2015 - This report analyzes the Governor's 2015-16 state health program budget proposals.
https://lao.ca.gov/Publications/Detail/3173

Overview of the 2002-03 May Revision [Publication Details]

May 16, 2002 - The Governor's May Revision addresses an enormous increase in the state's budget shortfall through a variety of spending reductions, tax increases, fund transfers, and additional borrowing. Overall, it is a credible plan. At the same time, the proposal contains some risks and even with its adoption, the state would face additional shortfalls in the future.
https://lao.ca.gov/Publications/Detail/889

The 2018-19 Budget: California's Fiscal Outlook

Nov 15, 2017 - The near-term budget outlook is positive. Under our current estimates, the state would have $19.3 billion in total reserves (including $7.5 billion in discretionary reserves) at the end of 2018-19, assuming the Legislature makes no additional budget commitments. The Legislature can use discretionary resources to build more budget reserves, increase spending, and/or reduce taxes.
https://lao.ca.gov/Publications/Report/3718/1

Overview of the Governor's Budget 1997-98 [Publication Details]

Jan 15, 1997 - On January 9, the Governor released his 1997-98 state budget proposal. California's continued economic recovery combined with a variety of other factors have enabled the Governor to submit a balanced budget with a modest reserve, moderate expenditure growth including significant increases for education, and a corporate tax reduction.
https://lao.ca.gov/Publications/Detail/174