The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Across 2021 ‑22, 2022 ‑23, and 2023 ‑24, our estimates of revenues and transfers (excluding transfers to the BSA) are lower than budget act projections by  $41  billion. Formula ‑Driven Spending on Schools and Community Colleges Offsets Revenue Losses by $13   Billion.
https://lao.ca.gov/Publications/Report/4646

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Both types of projects may be infrastructure in the broad sense, with differences —like ownership of the asset —making one but not the other eligible for administrative augmentation. As  the Legislature considers the Governor ’s budget, we suggest it also consider which programs have preexisting processes for adjusting for inflation and which do not and whether automatic adjustments align with its priorities.
https://lao.ca.gov/Publications/Report/4647

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - The budget package includes roughly $1.1  billion General Fund (transferred into the California Emergency Relief Fund) in 2021 ‑22 to provide one ‑time retention payments to eligible workers in certain health care facilities, including hospitals and skilled nursing facilities.
https://lao.ca.gov/Publications/Report/4616

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - For example, for 2021-22, total SAL revenues and transfers increased from $223  billion at Governor ’s budget to $256  billion at May Revision. As the figure shows, however, the May Revision did not reflect excess revenues across 2020-21 and 2021-22 because the administration also proposed a significant amount of new SAL-excludable spending, much of which was scored to 2021-22, that reduced appropriations subject to the limit.
https://lao.ca.gov/Publications/Report/4631

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - These revenues provide transportation funding via transfers to the Public Transportation Account. The budget package directs the State Controller to continue making transfers to the Public Transportation Account as if the tax suspension had not occurred.
https://lao.ca.gov/Publications/Report/4626

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - Reflecting these unprecedented collections, the May Revision assumes revenues (excluding Budget Stabilization Account [BSA] transfers) will be $57  billion higher than the Governor ’s budget over the budget window.
https://lao.ca.gov/Publications/Report/4598

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - (As of 2018 ‑19, cities and counties had over $150  billion in collective room under their limits. As a result, changing this definition is unlikely to result in very many local governments exceeding their limits.
https://lao.ca.gov/Publications/Report/4583

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - If the homes were scattered throughout a city, however, we think the argument is more tenuous. For this reason, in the case of vehicles, we think a vehicle represents an asset —not a fleet —and so the value of an individual vehicle must exceed $100,000 in order to count as an exclusion.
https://lao.ca.gov/Publications/Report/4547

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - The remaining $200  million would be allocated to the state ’s 61 local health jurisdictions (LHJs) (58 counties and 3 cities), with funding allocated based in part on each LHJ ’s population share, level of poverty, and racial/ethnic make ‑up.
https://lao.ca.gov/Publications/Report/4492

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - As shown in Figure 3 , the balance of the state ’s constitutional reserve, the Budget Stabilization Account (BSA), would grow to about 10 percent of General Fund revenues and transfers ($21 billion) under our revenue estimates.
https://lao.ca.gov/Publications/Report/4472