Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - In 95 percent of our simulations, the state encountered a budget problem by 2025-26. Notably, the likelihood of a budget problem largely is impervious to the future trajectory of state tax revenues. That is, whether revenues trend upward or downward from here, the state likely faces budget deficits.
https://lao.ca.gov/Publications/Report/4590

The 2022-23 Budget: State Appropriations Limit Implications [Publication Details]

Mar 30, 2022 - The 2022-23 Budget: State Appropriations Limit Implications [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4583

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - If Revenue Growth Falls Below Median, State Likely to Have a Budget Problem. Because the state usually plans to spend all or nearly all of its forecasted revenues, the state typically faces a budget problem if revenues grow slower than expected.
https://lao.ca.gov/Publications/Report/4583

The Definition of Qualified Capital Outlay for the State Appropriations Limit [Publication Details]

Feb 18, 2022 - The Definition of Qualified Capital Outlay for the State Appropriations Limit [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4547

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - The Definition of Qualified Capital Outlay for the State Appropriations Limit The Definition of Qualified Capital Outlay for the State Appropriations Limit Summary The state appropriations limit (SAL) restricts how the state can use revenues that exceed a specified threshold.
https://lao.ca.gov/Publications/Report/4547

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal [Publication Details]

Feb 4, 2022 - The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal [Publication Details] Description: This post provides our office’s initial analysis on and comments about the Governor’s proposals to address state appropriations limit (SAL) requirements in the 2022-23 Governor’s budget.
https://lao.ca.gov/Publications/Detail/4515

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

Feb 4, 2022 - First, the state can take a preemptive approach. Through the iterative budget process, the state can lower revenues and/or spend more on excluded purposes, using a variety of fund sources. This approach lowers appropriations subject to the limit and reduces the potential for excess revenues.
https://lao.ca.gov/Publications/Report/4515

The 2022-23 Budget: Overview of the Governor's Budget [Publication Details]

Jan 13, 2022 - On January 10, 2022, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
https://lao.ca.gov/Publications/Detail/4492

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - The Legislature could use the funding it frees up from funding fewer proposals to address district cost pressures (such as rising pension costs), or it could set this funding aside in the Proposition  98 Reserve for future allocation.
https://lao.ca.gov/Publications/Report/4492

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - On January 10, 2022, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
https://lao.ca.gov/Publications/Report/4492/1