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

Jan 13, 2025 - In other words, we are not describing the budget condition as having a surplus or a deficit at this time. These concepts are inherently tools of communication, not accounting, and are ultimately somewhat subjective.
https://lao.ca.gov/Publications/Report/4951

Assessing California’s Climate Policies—Transportation

Dec 21, 2018 - In other words, the study assumed that without this funding, drivers would have driven gasoline ‑powered vehicles instead of ZEVs. Economic Costs Consumer Financial Incentives Involve Opportunity Costs.
https://lao.ca.gov/Publications/Report/3912

The 2018-19 Budget: Governor’s May Revision Proposal for Caltrans’ Capital Outlay Support Program

May 13, 2018 - In other words, as total construction project value increases (or decreases) we would expect COS work to increase (or decrease) at roughly the same rate. Because construction work at that time was expected to decline by about 40 percent, we concluded that COS staffing should decline by roughly the same percent—equal to about 3,500 positions.
https://lao.ca.gov/Publications/Report/3833

A Review of Caltrans’ Vehicle Insurance Costs

Dec 5, 2017 - In other words, claims that in the past might have cost several hundreds of thousands of dollars today are costing several millions of dollars. But determining how changes in legal practices by the state and plaintiffs ’ attorneys are affecting costs is difficult because each case can have unique circumstances.
https://lao.ca.gov/Publications/Report/3721