Amid Good Fiscal Times, Planning for the Future Is Crucial

May 21, 2019 - New Ongoing Spending in the May Revision Is Nearing the Sustainable Limit To assess whether the state has capacity for new ongoing spending commitments, we estimate the difference between revenues and expenditures in the budget year and for several years ahead.
https://lao.ca.gov/Publications/Report/4051

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 14, 2018 - This, in part, may be due to IHSS service hours being temporarily reduced in some years and restored in others, resulting in IHSS service hours fluctuating by a greater amount year to year relative to average growth trends.
https://lao.ca.gov/Publications/Report/3899

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

Dec 13, 2018 - The Great Recession and California's Recovery [Publication Details] The Great Recession and California's Recovery Format: PDF Description: Nearly ten years ago today, Governor Schwarzenegger's proposed budget for the upcoming fiscal year projected a $42 billion deficit.
https://lao.ca.gov/Publications/Detail/3910

The 2020-21 Budget: Proposition 2 Debt Payment Proposals [Publication Details]

Mar 10, 2020 - The Governor offers one strategy to prioritize these funds over the next few years. Notably, the Governor focuses on the state’s share of the unfunded liability for teachers’ pensions. While we agree this focus makes sense, the amounts the Governor proposes dedicating to this purpose are not connected to the specific actuarial needs of the teachers’ pension system.
https://lao.ca.gov/Publications/Detail/4196

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Each year that General Fund tax revenues grow, this 10  percent threshold also grows. As such, in each of these years, the state is required to make deposits into the BSA to bring the fund to the revised estimate of 10  percent of General Fund taxes.
https://lao.ca.gov/Publications/Report/3900

The Quiet Transformation in California’s Cash Management [Publication Details]

Aug 29, 2019 - In this Fiscal Perspective, Legislative Analyst Gabriel Petek writes about how the building of large budget reserve balances has quietly transformed California’s cash management in recent years.
https://lao.ca.gov/Publications/Detail/4091

The 2020-21 Budget: California's Fiscal Outlook [Publication Details]

Nov 20, 2019 - The 2020-21 Budget: California's Fiscal Outlook [Publication Details] The 2020-21 Budget: California's Fiscal Outlook Format: HTML Description: The annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term.
https://lao.ca.gov/Publications/Detail/4111

Fiscal Outlook: Medi-Cal

Nov 14, 2018 - As a result, growth in year-over-year spending is projected to be slower in the final years of our outlook than the elevated growth in the earlier years. MCO Tax. We project that the expiration of the MCO tax will increase General Fund spending in Medi-Cal to almost $1.9  billion annually by 2020-21.
https://lao.ca.gov/Publications/Report/3898

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - This year ‑over ‑year decrease largely reflects a difference between when funds are allocated and when they are spent. A significant amount of estimated spending in the prior year was from funds that were allocated, but unspent, in earlier years.
https://lao.ca.gov/Publications/Report/3694/9

The 2020-21 Budget: California Spending Plan Series [Publication Details]

Oct 5, 2020 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The final version of Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2020-21 budget package. As more of these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4330