Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - However, in a recession excess capital gains likely will be low or zero and Proposition 2 debt funding only results from the calculation’s base amount. In our Fiscal Outlook estimates, under a recession scenario, Proposition 2 debt payment funding would be about $400 million lower in each 2019‑20 and 2020‑21 and $250 million lower in 2021‑22.
https://lao.ca.gov/Publications/Report/3727

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement. Proposition  2 created new rules regarding: (1)  deposits into the state ’s rainy ‑day fund and (2)  accelerating payments toward certain eligible debts.
https://lao.ca.gov/Publications/Report/4887

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - The 2021-22 Budget: The Governor’s Proposition 2 Proposals The Governor ’s Proposition  2 Proposals Introduction Passed by voters in 2014, Proposition  2 changed budgeting practices concerning: (1)  reserves and (2)  debt payments.
https://lao.ca.gov/Publications/Report/4418

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Reserve Deposits Under Proposition  2 Proposition  2 Now Governs BSA Deposits. In November 2014, voters approved Proposition  2. In addition to other changes, Proposition  2 created a set of formulas that specified minimum annual amounts the state must deposit into the BSA and use to pay down certain debts.
https://lao.ca.gov/Publications/Report/3900

The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - The 2020-21 Budget: Proposition 2 Debt Payment Proposals 2.0 4 Use Proposition   2 t o Keep the CalSTRS Funding Plan On Track. Proposition   2 p resents the Legislature with a unique opportunity to determine how best to use funds that it is required to spend.
https://lao.ca.gov/Publications/Report/4196

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Figure 2 The State ’s New Wall of Debt (In Billions)
https://lao.ca.gov/Publications/Report/5079

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - This total included required reserve deposits of $1.3  billion, an optional deposit of $2  billion in the BSA, and a discretionary increase in the SFEU of $0.6  billion. As noted above, the budget numbers, including the reserve estimates in Figure  3, assume the expenditure of $400  million from the General Fund on affordable housing.
https://lao.ca.gov/Publications/Report/3487

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - In addition, the Governor ’s budget includes $13  billion in reserve withdrawals, which represent nearly one ‑quarter of the total; $4  billion in cost shifts; and about $400  million in revenue ‑related solutions.
https://lao.ca.gov/Publications/Report/4825

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Because these changes to state law were not adopted by the end of the 2015 –16 legislative session, there is currently no budgetary authority to spend this $400  million. Without additional legislative action, this $400  million essentially will remain in the state ’s discretionary budget reserve, the SFEU.
https://lao.ca.gov/Publications/Report/3487/1

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - Specifically, the budget cuts $400   million from the Active Transportation Program, $200   million planned for grade separation projects, and $75   million from the Highways ‑to ‑Boulevards Pilot Program.
https://lao.ca.gov/Publications/Report/4922