A History of California’s Budget Reserves

Mar 24, 2017 - The 2016-17 enacted budget assumed $8.5 billion in total reserves, including $6.7 billion in BSA funds, which represents 7 percent of total General Fund revenues and transfers. As shown in the f igure, this is the highest level of reserves in an enacted state budget plan since 1981-82, the first year shown on the graph.
https://lao.ca.gov/Publications/Report/3630

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

Fiscal Outlook Supplement on Proposition 2

Nov 16, 2016 - O nce the BSA reaches its maximum size, funds that would have been transferred into the BSA must be spent on building and maintaining infrastructure. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Publications/Report/3508

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

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: 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 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - As described earlier, when local property tax revenue outpaces growth in school district appropriations limits, the state must transfer some of its limit to school districts to ensure that they do not exceed their local limits.
https://lao.ca.gov/Publications/Report/3800

An Update on California’s Cash Management Situation

Aug 31, 2020 - For example, the state typically transfers funds to school and community college districts, makes payments to Medi-Cal providers, and issues payroll to state employees every month of the year. However, the state receives most of its revenues in the latter half of the fiscal year, in particular January, April, and June, which are key months for collections of the personal income tax .
https://lao.ca.gov/Publications/Report/4266

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

Oct 2, 2018 - The county mandates were repealed when Chapter   43 o f 2011 (A B  114 , Committee on Budget and Finance) transferred this responsibility to schools. Establishes One ‑Time Homeless Mentally Ill Outreach and Treatment Grant Program.
https://lao.ca.gov/Publications/Report/3870/6