The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - The Governor ’s budget maintains an already planned withdrawal from the state ’s rainy day fund, which we think is a reasonable choice. Since 2023 ‑24, the Legislature has addressed a cumulative total of $82  billion in budget problems, but even including the withdrawal for 2025 ‑26, has only used about half of the Budget Stabilization Account (BSA).
https://lao.ca.gov/Publications/Report/4951

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Figure 7 Governor Still Uses Budget Solutions Despite Historic Revenue Growth Budget Solutions From 2020 Maintained in 2021 May Revision (In Billions) Reserve Withdrawals Make Budget Stabilization Account withdrawal $7.8 Make Safety Net Reserve withdrawal 0.5
https://lao.ca.gov/Publications/Report/4432

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - The state has many types of solutions —or tools —for addressing a budget problem, but the most important include: reserve withdrawals, spending reductions, revenue increases, and cost shifts (for example, between funds).
https://lao.ca.gov/Publications/Report/4662

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

Jan 13, 2022 - If the Proposition  98 guarantee were to drop, the Legislature would be able to withdraw this amount to maintain funding for programs. (In some cases, the constitutional formulas would require withdrawals.)
https://lao.ca.gov/Publications/Report/4492

The 2020-21 Spending Plan: Resources and Environmental Protection

Oct 5, 2020 - In addition to the withdrawals shown in Figure  4, the enacted budget did not include $250  million from the General Fund originally proposed in January to support a new Climate Catalyst Loan Fund. (The January proposal would have provided the fund with an additional $750  million in 2023 ‑24.)
https://lao.ca.gov/Publications/Report/4275

The 2016-17 Budget: The State's Drought Response

Feb 5, 2016 - Absent replenishment (which would require a notable influx of new water combined with sufficient time to refill the aquifer), the current rate of withdrawal will stress groundwater supplies in some areas for many years to come.
https://lao.ca.gov/Publications/Report/3343

Frequently Asked Questions About Wildfires in California

Jan 28, 2025 - Under the emergency provisions of Proposition  2, the Legislature can withdraw additional funds from the Budget Stabilization Account —the state ’s rainy day reserve —to pay for disaster-related costs such as those related to wildfires.
https://lao.ca.gov/Publications/Report/4952

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - This means the state took a number of actions to balance the budget —including making withdrawals from reserves and shifting costs —that were larger than necessary. In light of that fact, as well as continued economic uncertainty and anticipated future deficits, we think it is important that the state restore most or all of that resilience.
https://lao.ca.gov/Publications/Report/4309