The 2022-23 Budget: California Spending Plan Series [Publication Details]

Sep 29, 2022 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2022-23 budget package. As more of these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4629

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - Language Stating Intent to Provide Additional Funding for Middle-Mile Network Costs in 2023-24 and 2024-25. Budget-related legislation — Chapter 48 of 2022 (SB 189, Committee on Budget and Fiscal Review) —also affirms the Legislature’s intent to provide $300 million General Fund in 2023-24 and $250 million General Fund in 2024-25 for additional costs to develop, construct, and acquire the state’s middle-mile broadband network.
https://lao.ca.gov/Publications/Report/4626

The 2022-23 Budget: Multiyear Budget Outlook

May 24, 2022 - Under our estimates of revenue and spending in the out ‑years, the state would have a very narrow operating deficit in 2023 ‑24, a  small operating surplus in 2024 ‑25, and a larger operating deficit in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4602

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

May 16, 2022 - Districts currently set aside approximately $2.2 billion per year related to this requirement. These funds meet the definition of capital outlay for SAL purposes, and so the administration’s SAL calculations propose school districts exclude this spending from their limits.
https://lao.ca.gov/Publications/Report/4598

Strong Tax Collections Belie California's Challenging Fiscal Outlook [Publication Details]

Apr 26, 2022 - Strong Tax Collections Belie California's Challenging Fiscal Outlook [Publication Details] Strong Tax Collections Belie California's Challenging Fiscal Outlook Format: HTML Description: Given the persistent strength in state tax collections, it may come as a surprise that California’s General Fund likely faces a budget problem in the coming years.
https://lao.ca.gov/Publications/Detail/4590

Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - No one knows for sure, but in some scenarios, we found the cumulative estimated budget problem would substantially exceed the state ’s current combined general-purpose budget reserves of around $25  billion.
https://lao.ca.gov/Publications/Report/4590

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - The scenario shown in Figure  5 assumes the state saves $10  billion in 2022 ‑23 and then uses those funds to pay for SAL requirements in 2023 ‑24 and/or 2024 ‑25. As such, the nearly $10  billion in funds available as a result of rejecting these proposals must be saved to help balance the budget in the future.
https://lao.ca.gov/Publications/Report/4583

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - As such, there are many types of properties that clearly meet this definition, including: buildings (such as houses, office buildings, and school buildings), land (including undeveloped land, such as parks), highways, roads, and bridges.
https://lao.ca.gov/Publications/Report/4547

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - Excess Revenues Must Be Allocated to School Payments and Taxpayer Rebates. The Legislature could meet any remaining SAL  requirements by splitting excess revenues between taxpayer rebates and payments to schools and community colleges The Constitution gives the state two years to make these payments, and so the costs could be funded in the 2023 ‑24 budget.
https://lao.ca.gov/Publications/Report/4515

The 2022-23 Budget: Overview of Proposition 98 Proposals [Publication Details]

Jan 27, 2022 - This analysis describes the overall structure of the Governor's plan for school and community college funding, including the major spending proposals and underlying estimates of the Proposition 98 minimum guarantee.
https://lao.ca.gov/Publications/Detail/4502