The 2025-26 Budget: Estimated State Savings From Proposition 47

Feb 26, 2025 - In other words, the administration assumes that Proposition  36 will essentially reverse Proposition  47. We find this assumption causes the administration ’s methodology to overestimate the effect of Proposition  36 in two ways: Does Not Account for Key Features of Treatment-Mandated Felony.
https://lao.ca.gov/Publications/Report/4991

The 2025-26 Budget: SB 678 County Probation Grant Program

Apr 11, 2025 - In other words, it might make future county failure-to-prison rates high for reasons that are outside of the control of the probation departments, again artificially lowering grant awards through the performance payment.
https://lao.ca.gov/Publications/Report/5031

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

Feb 28, 2023 - In other words, for every $1 spent on cash financing, the state reduces its future debt payments by a total of $2. (Over the long term, inflation will erode the real cost of these payments, which are fixed in nominal terms once the bonds are issued, resulting in inflation-adjusted costs of about $1.40 for each $ 1 borrowed.)
https://lao.ca.gov/Publications/Report/4709