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

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The Governor proposes attributing this $ 700  m illion deposit to the 2018 ‑19 fiscal year, although the actual transfer likely would take place after June 30, 2019. No Deposit Into School ’s Constitutional Reserve Required.
https://lao.ca.gov/Publications/Report/3916

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - Transfers (which offset revenues) decline year over year, resulting in total growth in revenues and transfers of $7. 6  b illion overall. General Fund Spending Grows by $2.1   Billion. From 2018 ‑ 19 t o 2019 ‑20, overall General Fund spending grows only $2. 1  b illion.
https://lao.ca.gov/Publications/Report/3896

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Proposition  58 explicitly permitted the Legislature to transfer amounts into the BSA so that its balance exceeded either of these thresholds. Deposit Made Under Rules of Proposition  58 in 2014 ‑15 Budget Package.
https://lao.ca.gov/Publications/Report/3900

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - The 2019-20 Budget: Proposition 98 Outlook 469 $469 a Excludes non ‑tax revenues and transfers, which do not affect the calculation of the minimum guarantee. b As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5  percent.
https://lao.ca.gov/Publications/Report/3897

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

Oct 2, 2018 - The budget provides $ 20  m illion to support 2,000 additional resident undergraduate students in 2018 ‑ 19 c ompared to 2017 ‑18, with the goal of admitting at least one transfer student for every two freshman students.
https://lao.ca.gov/Publications/Report/3870/5