The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - Yes, as long as the expenditure is maintaining an asset that meets the criteria (that is, the asset is tangible property and has a useful life of ten years and a value of at least $100,000). Statute requires an expenditure to be made “for ” a fixed asset.
https://lao.ca.gov/Publications/Report/4547

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - IHSS solutions have some overlap with Medi-Cal, including terminating services for adults with unsatisfactory immigration status and reinstating the asset test. In addition, the state would lower the IHSS provider overtime cap, among other solutions.
https://lao.ca.gov/Publications/Report/5052

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - In California, periods of extraordinary revenue growth, often fueled by booming asset markets, tend to obscure underlying budget problems only to reveal them later under far more difficult circumstances.
https://lao.ca.gov/Publications/Report/5104

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Under the California Constitution, the CalPERS Board has plenary authority and fiduciary responsibility to invest the pension system ’s assets. The returns on these invested assets constitute the largest funding source for the system.
https://lao.ca.gov/Publications/Report/4887

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - DFAL requires DFPI to establish a regulatory and licensing system for digital financial asset businesses and operators that work with crypto assets (also known as cryptocurrencies). Department of General Services The budget provides $1.4  billion to the Department of General Services (DGS) from various funds, including reimbursements from other state departments.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - DFAL requires DFPI to establish a regulatory and licensing system for digital financial asset businesses and operators that work with crypto assets (also known as cryptocurrencies). Department of General Services The budget provides $1.4  billion to the Department of General Services (DGS) from various funds, including reimbursements from other state departments.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - For example, suppose in a particular year investment returns on prefunded assets fail to meet expectations. This would result in a new unfunded liability and would reduce the likelihood that the retiree health benefit is fully funded by the mid ‑2040s.
https://lao.ca.gov/Publications/Report/4196

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

Oct 16, 2023 - Appendix 4, Figure 7 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Resources and Environment General Fund (In Millions) Emergency surge (helitanker contract component) $45 Clean Energy Reliability Investment Plan (SB 846) 100 Diablo Canyon land use planning — Coastal resilience SB 1 implementation 55 Clean Cars 4 All and other equity (ZEV
https://lao.ca.gov/Publications/Report/4788/4

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - Asset Prices. Some signs suggest that two important assets —stocks and homes in certain markets —are somewhat overvalued. The price of stocks is related, over the long term, to corporate earnings. Accordingly, price-to-earnings (PE) ratios are one key metric used to evaluate stock prices.
https://lao.ca.gov/Publications/Report/3829

The 2012-13 Budget: Overview of the May Revision [Publication Details]

May 18, 2012 - Moreover, the administration's $1.4 billion estimate for the amount of General Fund benefit that may be achieved in 2012-13 from transferring former RDAs' liquid cash assets to school districts is highly uncertain.
https://lao.ca.gov/Publications/Detail/2635