Addressing California's Key Liabilities [Publication Details]

May 7, 2014 - Due to its massive unfunded liability and relatively high growth rate, we recommend that the Legislature make a full funding plan for the California State Teachers' Retirement System a top priority in addressing the state's key liabilities.
https://lao.ca.gov/Publications/Detail/3011

California's Fiscal Outlook: The 2010-11 Budget [Publication Details]

Nov 18, 2009 - Addressing this large shortfall will require painful choices—on top of the difficult choices the Legislature made earlier this year. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/2143

The 2021-22 Budget: California's Fiscal Outlook

Nov 18, 2020 - A new statutory requirement to provide supplemental payments on top of the minimum level makes even more funding available for schools and community colleges but contributes to the state ’s operating deficit.
https://lao.ca.gov/Publications/Report/4297

Rethinking California's Reserve Policy

Apr 10, 2025 - These problems are also clear when California ’s reserves are compared to other states —California ranks near the top in terms of revenue volatility, but below average in terms of reserves. As such, our recommendations are an honest reflection of the volatility in the state ’s tax system.
https://lao.ca.gov/Publications/Report/5028

Federal Spending in California

Jan 18, 2017 - The top five recipient counties are: Los Angeles (with $81 billion in federal expenditures), San Diego ($37 billion), Orange ($21 billion), Santa Clara ($19 billion), and Sacramento ($15 billion). Per Capita Federal Expenditures by County.
https://lao.ca.gov/Publications/Report/3531/6

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

Jan 13, 2024 - (The Legislature also can withdraw the entire “discretionary” balance of the BSA at any time, which are amounts that were deposited into the fund on top of Proposition 2 requirements.) The Governor proposes withdrawing half of the BSA’s constitutional balance, $10.2 billion, and the entire discretionary balance, $1.8 billion.
https://lao.ca.gov/Publications/Report/4825

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - (The Legislature also can withdraw the entire “discretionary ” balance of the BSA at any time, which are amounts that were deposited into the fund on top of Proposition  2 requirements.) In the May Revision, the Governor proposes withdrawing about $3  billion from the BSA —significantly less than the roughly $12  billion withdrawal proposed in January.
https://lao.ca.gov/Publications/Report/4902

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - (We also include links to Appendix tables at the end of this post and the top left of this page. These appendix tables itemize select proposals by policy area based on our understanding at this time.)
https://lao.ca.gov/Publications/Report/4432

LAO Multiyear State Budget Outlook

May 19, 2017 - The top part of each bar shows our projection of the annual Budget Stabilization Account (BSA) deposit. The bottom part of each bar shows the annual operating surplus (the amount by which projected revenues exceed expenditures).
https://lao.ca.gov/Publications/Report/3675

Fiscal Outlook: Developmental Services

Nov 15, 2017 - In addition, DDS could request additional funds in 2018-19 and in subsequent years on top of this ongoing amount, as it has done in the past three years. Ongoing Community Services for Former DC Residents.
https://lao.ca.gov/Publications/Report/3717