The 2021-22 California Spending Plan: The State Appropriations Limit [Publication Details]

Aug 30, 2021 - The 2021-22 California Spending Plan: 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/4449

The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - The 2021-22 California Spending Plan: The State Appropriations Limit The 2021-22 California Spending Plan The State Appropriations Limit In the late 1970s, voters passed Proposition  4 (1979), which added Article XIIIB to the State Constitution.
https://lao.ca.gov/Publications/Report/4449

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

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/Detail/4590

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 2023-24 Budget: California Spending Plan Series [Publication Details]

Oct 2, 2023 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The final version of Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2023-24 budget package. As these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4835

An Extraordinary Moment in California's Fiscal History

Apr 11, 2019 - Specifically, we suggest that instead of using money today to repay low-interest budgetary debts (loans to the General Fund from special funds), the Legislature could achieve a higher return on its investment by making larger supplemental contributions toward its unfunded pension liabilities, which accrue at higher interest rates.
https://lao.ca.gov/Publications/Report/4003

The 2022-23 Budget: Multiyear Budget Outlook

May 24, 2022 - The  administration does not include a plan to address these requirements, which would far exceed the state ’s operating capacity. Consequently, under May Revision policies, the state would likely have significant budget shortfalls in the out ‑years.
https://lao.ca.gov/Publications/Report/4602

The 2022-23 Budget: Multiyear Budget Outlook [Publication Details]

May 24, 2022 - The 2022-23 Budget: Multiyear Budget Outlook [Publication Details] Description: This brief presents our office’s independent assessment of the condition of the state General Fund budget through 2025-26 under our forecast of revenues and spending, assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Detail/4602

Managing California’s Cash

Sep 3, 2019 - Over the next few decades, funds that pay pension costs accrue benefits through lower employer contributions costs relative to what they would be otherwise. Finally, funds that accrue these benefits are to repay the loan to the PMIA with interest.
https://lao.ca.gov/Publications/Report/4092

The 2016-17 Budget: California's Fiscal Outlook

Nov 18, 2015 - Our university forecast also does not include cost increases for CSU retiree health and pension contributions, as we forecast these as part of overall state employee costs. (The state only provides specific augmentations to cover pension rate adjustments relative to CSU ’s 2013 –14 payroll level, with CSU expected to cover any other pension cost increases from its base budget.)
https://lao.ca.gov/Publications/Report/3305