Rethinking California's Reserve Policy

Apr 10, 2025 - Throughout this period, as shown on the right side of Figure  3, the SFEU balance was generally enacted around 1  percent to 3  percent of revenues —very small compared to the reserves and surpluses of the decades before.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - The May Revision reduces planned base cuts from 7.95  percent, as agreed to in last year ’s budget, to 3  percent. This change increases ongoing General Fund costs by $267  million for UC and $231  million for CSU.
https://lao.ca.gov/Publications/Report/5044

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Figure  3 provides a broader perspective on changes in long-term spending across major programs —largely reflecting the May Revision ’s ongoing solutions. (However, the figure also captures the effects of updated assumptions and estimates.)
https://lao.ca.gov/Publications/Report/5052

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Appendix 4, Figure 4 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Housing and Homelessness General Fund (In millions) Homeless Housing, Assistance, and Prevention Program (HHAPP) $1,100 Veteran Housing and Homeless Prevention Program 50 $345 $100 a By the time the HHAPP costs are incurred, the program will have transferred to from BCSH Agency to HCD.
https://lao.ca.gov/Publications/Report/4788/4

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The budget provides about $2   billion to the SFP in 2023 ‑24, which is $100   million less than the previously intended augmentation, and continues to assume an additional $875   million will be provided in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4788

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

Jan 13, 2025 - (On a technical basis, under the administration ’s estimates, we estimate the balance of the Special Fund for Economic Uncertainties [SFEU] would be about $3  billion before the Governor ’s proposals.)
https://lao.ca.gov/Publications/Report/4951

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The increase consists of (1)  $ 100  m illion for major maintenance contracts (specifically for bridges and culverts) and (2)  $53. 6  m illion to support 400 n ew positions. Of the new positions, 300 are to perform routine maintenance, while the remaining 100 are to oversee construction contracts for major maintenance.
https://lao.ca.gov/Publications/Report/3870/10

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - This fiscal oversight requires assessing (1)  what the key program goals and expected outcomes are, (2)  the extent to which programs are delivering those expected outcomes, (3)  whether programs ’ costs align with expectations, and (4)  whether the benefits justify the costs.
https://lao.ca.gov/Publications/Report/4983

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal 100 a Partial exclusions. Note: Includes proposals using General Fund surplus monies greater than $100 million. For a complete list of all proposals, see: https://lao.ca.gov/reports/2022/4492/Overview‑Appendix‑011422.pdf .
https://lao.ca.gov/Publications/Report/4515

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Most notably, the budget allocates $1. 3  b illion in Proposition   56 t axes on tobacco products to three major purposes: ( 1)  t o increase payments to Medi ‑Cal providers ($ 821  m illion), ( 2)  t o establish a student loan repayment program for Medi ‑Cal physicians and dentists, and ( 3)  t o offset General Fund spending in Medi ‑Cal.
https://lao.ca.gov/Publications/Report/3870/1