Building Reserves to Prepare for a Recession

Mar 7, 2018 - In his 2018 ‑ 19 b udget plan, the Governor proposes ending the year with $15. 7  b illion in total reserves (see Figure  4 ). This would consist of two amounts: $13. 5  b illion in the BSA and $2. 3  b illion in the SFEU.
https://lao.ca.gov/Publications/Report/3769

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - Figure 2 LAO May 2018 Economic Growth Scenario a Percent Change Unless Otherwise Indicated 2017
https://lao.ca.gov/Publications/Report/3829

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Changes made to the program in 2018 likely explain much of this trend. Specifically, the 2018 budget package: Removed a requirement that 25  percent of credits be reserved for businesses with less than $2  million in annual revenue.
https://lao.ca.gov/Publications/Report/5162

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - This section describes these agreements and the commitments now being funded by Proposition  2 debt payments. (A more detailed list of Proposition  2 eligible debts and recent uses of funding is available on page 4 of this budget brief and page 2 of the administration’s multiyear projections .)
https://lao.ca.gov/Publications/Report/3727

Managing California’s Cash

Sep 3, 2019 - The General Fund ’s share of the loan will be repaid from the state ’s annual Proposition  2 (201 4) d ebt payment requirements. (These requirements vary from year to year according to a formula, but are generally $ 1  b illion or more depending on expected state revenue performance.)
https://lao.ca.gov/Publications/Report/4092

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - In particular, state law directs our office to report on the annual state costs for new mandates and make recommendations to the Legislature as to whether the new mandates should be (1)  repealed (permanently eliminating it or making it optional), (2)  suspended (rendering it inoperative for one year), (3)  modified, or (4)  funded.
https://lao.ca.gov/Publications/Report/5130

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - In fact, the state had excess revenues of $1.1  billion in 1986 ‑ 87 —equal to over $2  billion in today ’s dollars. Proposition  4 required the excess to be rebated to taxpayers. Proposition   98 (1988) Changed How Excess Revenues Are Distributed.
https://lao.ca.gov/Publications/Report/3596

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The spending plan includes $169  million for CDFA from Proposition  4, which we discuss in more detail in a separate budget and policy post — The 2025-26 California Spending Plan: Proposition 4. Baseline Ongoing Reductions.
https://lao.ca.gov/Publications/Report/5081

The 2018-19 Budget: The Administration's Proposition 55 Estimates in the May Revision

May 22, 2018 - Figure 2 Administration ’s Proposition  55 Calculations in 2018 ‑19 (In  Billions)
https://lao.ca.gov/Publications/Report/3844