Amid Good Fiscal Times, Planning for the Future Is Crucial [Publication Details]

May 21, 2019 - The idea here is that in good times—when revenues are strong—the state spends somewhat below its capacity, sequestering the difference in reserves. Later, when the economy and tax receipts weaken, the state can draw upon its accumulated savings to fund a spending level above what revenues would otherwise support.
https://lao.ca.gov/Publications/Detail/4051

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

May 8, 2020 - Under these two scenarios, the state would have to address an $18 billion or $31 billion budget problem. The state’s newly emergent fiscal challenges are likely to extend well beyond the end of the public health crisis.
https://lao.ca.gov/Publications/Detail/4228

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

Fiscal Outlook: Medi-Cal

Nov 14, 2018 - Fiscal Outlook: Medi-Cal California’s Fiscal Outlook Fiscal Outlook: Medi-Cal Medi-Cal, the state ’s Medicaid program, provides health care coverage to over 13  million of the state ’s low-income residents.
https://lao.ca.gov/Publications/Report/3898

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

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - With this lower-barrier to “repatriating” profits, we believe a portion of the surge in recent state collections likely is due to corporations bringing this cash back to the United States and paying the applicable state taxes on those profits.
https://lao.ca.gov/Publications/Report/4037

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Clarifies Licensing Standards for LEA ‑Run State Preschool Programs. The 2017 ‑ 18 b udget plan exempts State Preschool programs run by LEAs from certain health and safety standards, known as Title 22 standards, beginning July  1, 2019.
https://lao.ca.gov/Publications/Report/3870/4

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 May Revision: Opportunity Zones [Publication Details]

May 11, 2019 - The Governor proposes to allow state tax benefits for investments in alternative energy or affordable housing in communities designated as Opportunity Zones under a new federal program.
https://lao.ca.gov/Publications/Detail/4038

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Under these reevaluations, the state revises the BSA deposit up (down) if excess capital gains taxes are higher (lower) than the state ’s prior estimates. Infrastructure Spending Required When the BSA Reaches Specific Threshold.
https://lao.ca.gov/Publications/Report/3900