The 2012-13 Budget: Economic and Revenue Update [Publication Details]

Feb 27, 2012 - The 2012-13 Budget: Economic and Revenue Update [Publication Details] Video Description: There are plenty of mixed signals in economic data for California’s policymakers, as they continue to craft state and local budgets in a constrained fiscal environment.
https://lao.ca.gov/Publications/Detail/2578

The 2022-23 Budget: Multiyear Budget Outlook

May 24, 2022 - However, under our estimates, the SFEU would remain positive throughout the period, which signals the budget is barely balanced under these assumptions. These findings are quite similar to the Department of Finance’s ( DOF’s) estimates .
https://lao.ca.gov/Publications/Report/4602

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

May 17, 2025 - Finally, although we have not previously recommended the Leg islature take decisive action to address the structural deficits, the state ’s persistent fiscal imbalance and the added downside risks —particularly from potential federal actions —suggest a need for a more proactive approach.
https://lao.ca.gov/Publications/Report/5044

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

Jan 13, 2025 - The Governor has signaled interest in changing the state ’s reserve policy by: (1)  increasing the cap on BSA required deposits from 10  percent of General Fund taxes to 20  percent of General Fund taxes, and (2)  excluding the state ’s reserve deposits from the state appropriations limit.
https://lao.ca.gov/Publications/Report/4951

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - As such, our independent fiscal assessment underlies the Legislature ’s ability to assert an informed check on the executive branch, making any added complexity from diverging estimates a worthwhile trade-off.
https://lao.ca.gov/Publications/Report/4938

Overview of the 2008 Special Session Proposals [Publication Details]

Nov 10, 2008 - Overview of the 2008 Special Session Proposals [Publication Details] Press Conf Description: We concur with the administration’s assessment that the state’s struggling economy signals a major reduction in expected revenues.
https://lao.ca.gov/Publications/Detail/1893

Rethinking California's Reserve Policy

Apr 10, 2025 - In light of these developments, the Legislature has signaled an interest in making changes to the state ’s reserve policy. In addition, through this year ’s budget process, the Governor has proposed two changes to the state ’s rainy day fund that, if passed by the Legislature, would go before voters.
https://lao.ca.gov/Publications/Report/5028

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - This signals that lawmakers have committed to an ongoing spending level that is sustainable —that is, in line with core spending —but spending above that base is less so. Using Reserves Now Would Maintain Spending Peak, but Eliminate a Tool for Future Shortfalls.
https://lao.ca.gov/Publications/Report/4687

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Outside of government and health care, the state has added no jobs in a year and a half. Similarly, the number of Californians who are unemployed is 25  percent higher than during the strong labor markets of 2019 and 2022.
https://lao.ca.gov/Publications/Report/4939

An Extraordinary Moment in California's Fiscal History

Apr 11, 2019 - One reason to consider staying the course on adding to reserves is the degree to which the federal government ’s fiscal position has deteriorated over the past one-to-two years (see Figure  2). Measured against U.S.
https://lao.ca.gov/Publications/Report/4003