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

Oct 2, 2018 - The largest out ‑year increase is for CalWORKs cash grants. The budget dedicates $ 90  m illion in 2018 ‑ 19 t o increase these grants beginning in April 2019, but the full ‑year cost of these increases is $ 360  m illion.
https://lao.ca.gov/Publications/Report/3870

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - This is because it shifts some of the supply of allowances from earlier years to later years. Banking Has Significant Advantages, but Also Has Trade ‑offs. Some of the key advantages of banking include ( 1) l ess price volatility and ( 2) i ncentivizing some emission reduction activities in early years that are less costly than an equivalent number of reductions in later years.
https://lao.ca.gov/Publications/Report/3719

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

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Most of the variance is explained by the PIT, where we are $3.7 billion higher than the administration over the three fiscal years combined. Most of that difference appears to be in capital gains and wages.
https://lao.ca.gov/Publications/Report/3830

Perspectives on the Economy and Demographics 2007-08 [Publication Details]

Feb 21, 2007 - For 2007, like most other economists at this time, we forecast that growth will continue but be modest for the nation and California. For the year as whole, 2007 growth will be somewhat less than it was in 2006, with the first half of the year the weakest. Throughout the year, however, growth should accelerate, as the housing sector stabilizes, especially in the second half of 2007.
https://lao.ca.gov/Publications/Detail/1558

The 2017-18 Budget: California's Fiscal Outlook [Publication Details]

Nov 16, 2016 - This uncertainty is present in the near term and becomes greater in each subsequent year. We discuss two illustrative economic scenarios for the fiscal years after 2017-18. Under a mild recession scenario, the state would have enough reserves to cover its operating deficits through 2020-21.
https://lao.ca.gov/Publications/Detail/3507

Cal Facts: 2016

Dec 5, 2016 - Cal Facts: 2016 State Experiencing Multiyear Dry Period Statewide Precipitation in Inches Precipitation has been at or below average for nine of the last ten years, with only one particularly wet year.
https://lao.ca.gov/Publications/Report/3511/5

The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals [Publication Details]

Mar 26, 2019 - The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals [Publication Details] The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals Format: HTML Description: When facing budget problems in the past, the state has “deferred” payments from one fiscal year into the next, providing significant one-time budgetary savings.
https://lao.ca.gov/Publications/Detail/3988

LAO Multiyear State Budget Outlook

May 20, 2016 - For several years, our office ’s multiyear outlooks have displayed budgetary surpluses associated with an economic growth scenario. This outlook is not an exception. However, our outlook now shows much smaller operating General Fund surpluses than our assessments in recent years.
https://lao.ca.gov/Publications/Report/3472

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Beginning in 2018 ‑19, the department will receive $3.2  million from the General Fund on an ongoing basis and 14  positions (two of which would be limited to two years). Field Office Replacement and Renovation Projects.
https://lao.ca.gov/Publications/Report/3694/10