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

Jan 13, 2023 - Comparison to LAO November Outlook. In  our Fiscal Outlook released in November 2022, we anticipated the state would face a $24 billion budget problem, somewhat higher than the $18 billion budget problem we estimate the Governor addressed.
https://lao.ca.gov/Publications/Report/4662

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

Jan 13, 2020 - The administration ’s revenue assumptions are very close to our November 2019 Fiscal Outlook revenue estimates in the near term. Across 2018‑19 to 2020‑21, the administration’s estimates of revenue from the state’s three largest taxes are $34 million (less than 0.01 percent of total collections) above our Fiscal Outlook estimates.
https://lao.ca.gov/Publications/Report/4135

MOU Analysis: Unit 10 (Professional Scientific)

Jan 30, 2023 - Defer Action on Unit 10 Agreement Until Other Agreements Are Before Legislature and 2023-24 Revenue Outlook Is Clearer. There is uncertainty about economic conditions in 2023-24 and the magnitude of the budget problem the state will face.
https://lao.ca.gov/Publications/Report/4665

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Aug 28, 2018 - Recruitment and Retention Increasing Employment Outlook for Engineers. Engineering is a broad occupation category that includes a variety of different specializations. The U.S. Bureau of Labor Statistics (BLS) projects employment in the broader engineering occupational category to grow 8  percent over the next ten years —slightly more growth than the 7  percent growth it expects across all occupations.
https://lao.ca.gov/Publications/Report/3880

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - Declining Employment Outlook for Correctional Officers. The U.S. Bureau of Labor Statistics (BLS) cites that fewer correctional officers will be needed across the United States due to changes in criminal laws (primarily related to reduced sentence time or an alternative to incarceration).
https://lao.ca.gov/Publications/Report/3847

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

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - This report presents our office’s initial assessment of the Governor’s Budget. The budget’s position continues to be positive. With $20.6 billion in discretionary resources available, the Governor’s budget proposal reflects a budget situation that is even better than the one our office estimated in the November Fiscal Outlook.
https://lao.ca.gov/Publications/Report/3916