The 2023-24 Budget: Financing Approaches for Capital Outlay Projects

Feb 28, 2023 - However, given the current budget problem facing the state —including our office ’s assessment that the problem will likely be even larger than the Governor projects —and the state ’s relatively low DSR, the Legislature might want to switch to lease revenue bonds instead of cash financing for some of the projects.
https://lao.ca.gov/Publications/Report/4709