The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - These amounts are shown in light blue in Figure  4 . Small Operating Surpluses Under Governor ’s Plan and Estimates. In the previous section we used the term surplus to describe the amount available to allocate in the budget year.
https://lao.ca.gov/Publications/Report/4135

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - For much of the late 1990s and 2000s, the yield averaged around 6  percent, although it fell after the dot-com bust and ensuing recession in the early 2000s. After the rate fell in 2008, it has remained near zero as inflation and U.S.
https://lao.ca.gov/Publications/Report/3673