The 2018-19 Budget: Department of General Services

Feb 20, 2018 - However, we find that the cost per square foot of the proposed renovations appears to be high. Specifically, the building renovations are anticipated to cost $750 per net useable square foot ($550 per gross square foot).
https://lao.ca.gov/Publications/Report/3758

The Administration’s Sacramento Office Building Construction Strategy: Ensuring Robust Oversight

Dec 14, 2016 - Specifically, based on the administration ’s preliminary estimates, we expect the new Resources and O Street buildings to cost roughly $1,000 per square foot. This is well above the estimated cost of building a new high –rise in downtown Sacramento —about $400 to $500 per square foot —and far exceeds the recent sales prices of existing office buildings in the downtown area —generally under $300 per square foot.
https://lao.ca.gov/Publications/Report/3516

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Given the budgetary risks posed by economic uncertainty and federal policy changes, maintaining positive operating surpluses would put the budget on better footing. Without an Operating Surplus, Responding to a Recession More Challenging.
https://lao.ca.gov/Publications/Report/4135