Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - Provisions of Proposition  2 Key Provisions of Proposition  2. Proposition  2 requires the state to make: (1) minimum annual payments toward certain eligible debts (until 2029 ‑30) and (2) deposits into the state ’s rainy day fund.
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 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The 2018 ‑ 19 b udget provides $ 48  m illion General Fund ($ 32  m illion Proposition  98 and $ 16  m illion non ‑Proposition  9 8) t o increase the SRR by 2. 8  p ercent. The new rate for a full ‑day, center ‑based State Preschool slot is $12, 070 p er year, whereas the new rate for a full ‑day, center ‑based General Child Care slot for a preschool ‑aged child is $11, 995 p er year.
https://lao.ca.gov/Publications/Report/3870/4

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - This includes proposals to: (1)  remove the state ’s share of costs associated with growth in IHSS hours per case, which we estimate could save $650  million by 2029 ‑30 (if hours continue to grow at their current rates); (2)  make an ongoing reduction to the Middle Class Scholarship program, which generates $541  million in savings beginning in
https://lao.ca.gov/Publications/Report/5101

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

Apr 26, 2021 - Proposition  2 requires the state to spend a minimum amount each year to pay down specified debts through 2029 ‑30. When Proposition  2 was passed by the voters, there were two major categories of liabilities eligible for repayment using these monies: certain budgetary liabilities and retirement liabilities.
https://lao.ca.gov/Publications/Report/4418

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Consequently, it is not clear: (1)  which, if any, of the withdrawal rules in Proposition  2 apply to these funds, or (2)  whether these deposits count toward the 10  percent threshold. Moreover, it is not clear whether these rules also apply to the $1.6  billion deposit made before the passage of Proposition  2.
https://lao.ca.gov/Publications/Report/3900

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - In addition, recent budgets have relied on nearly $30  billion in borrowing to address deficits, and the Governor ’s budget proposes almost $6  billion in additional borrowing (see Figure  1). A period of strong revenue growth is not an appropriate time to draw down significant reserves or continue to rely on borrowing.
https://lao.ca.gov/Publications/Report/5133

The 2017-18 Budget: California Highway Patrol

Feb 9, 2017 - In response, the 2016 ‑17 budget package includes trailer legislation (1) increasing the base vehicle registration fee by $10 (from $46 to $56) beginning April 1, 2017 and (2) indexing the fee to automatically increase with inflation.
https://lao.ca.gov/Publications/Report/3551

The 2018-19 Budget: Overview of the Governor's Budget

Jan 12, 2018 - The Governor estimates that the $2. 9  b illion increase for the Local Control Funding Formula (LCFF) is sufficient to close the remaining gap to the formula targets and provide a 2. 51  p ercent cost ‑of ‑living adjustment (COLA).
https://lao.ca.gov/Publications/Report/3731

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - The K ‑ 12 r ate is about $1, 000 p er student ( 9  p ercent) above the amount school districts were receiving in 2007 ‑ 08 p rior to the Great Recession. Similarly, the community college rate is about $1, 000 p er student ( 15  p ercent) above its inflation ‑adjusted 2007 ‑ 08 l evel.
https://lao.ca.gov/Publications/Report/3897