State Funding Actions Related to COVID-19

Apr 20, 2020 - Using authority established in Government Code 8690.6, the Governor transferred $1.3  billion from the Special Fund for Economic Uncertainties to a subaccount within the fund —the Disaster Response Emergency Operations Account (DREOA).
https://lao.ca.gov/Publications/Report/4223

The 2020-21 Budget: Structuring the Budget

Feb 10, 2020 - For example, the 2016 ‑ 17 b udget anticipated General Fund revenues (excluding transfers) would total $124. 2  b illion for that year. That estimate was ultimately too high by about $ 1  b illion, with actual revenues in 2016 ‑ 17 n ow estimated to be $123. 4  b illion.
https://lao.ca.gov/Publications/Report/4150

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - This means the state makes the transfer in the first few days of July. This deferral only appl ies to the state ’s General Fund pension payments —other funds ’ fourth-quarter CalPERS payments are paid in June.
https://lao.ca.gov/Publications/Report/4106

The 2019-20 Budget: California Spending Plan (Final Version)

Oct 17, 2019 - The budget package creates new incentives for cities and counties to adopt pro ‑housing policies. Cities and counties that adopt these policies would receive additional points in the scoring of their applications for certain state grant programs.
https://lao.ca.gov/Publications/Report/4083

Managing California’s Cash

Sep 3, 2019 - The overall effect of A B   1054 o n the state ’s cash balances is yet to be seen —it will depend on decisions by the administration about how much to transfer to the fund, when to make those transfers, and when to issue the new bonds to repay the loan.
https://lao.ca.gov/Publications/Report/4092

The 2019-20 May Revision: LAO Revenue Outlook [Publication Details]

May 12, 2019 - This post details our General Fund revenue outlook for 2017‑18 through 2022‑23. Our estimates of General Fund revenues and transfers for the “budget window”—2017‑18 through 2019‑20—are $774 million (0.2 percent) above the administration’s May 2019 revenue forecast.
https://lao.ca.gov/Publications/Detail/4037

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - Our estimates of General Fund revenues and transfers for the “budget window ” —2017 ‑18 through 2019 ‑20 —are $774  million (0.2  percent) above the administration ’s May 2019 revenue forecast. Figure  1 displays our General Fund revenue outlook through 2022 ‑23.
https://lao.ca.gov/Publications/Report/4037

The 2019-20 May Revision: Initial Comments on the Governor’s May Revision

May 12, 2019 - Compared to January, the administration ’s estimates of revenues and transfers (excluding reserve deposits) have increased by $3.2  billion across the three fiscal years of 2017 ‑18 to 2019 ‑20. This upward revision is primarily the net effect of a few factors.
https://lao.ca.gov/Publications/Report/4039

The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals

Mar 26, 2019 - This means the state makes the transfer in the first few days of July. This deferral only applies to the state ’s General Fund pension payments —other funds ’ fourth-quarter CalPERS payments are paid in June.
https://lao.ca.gov/Publications/Report/3988

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - Specifically, if the state transfers these funds to a pension system, the system ’s board can invest the funds, likely earning a higher rate of return than the funds would earn invested as state reserves.
https://lao.ca.gov/Publications/Report/3925