The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - (Figure 3 does not display an estimate for total reserves in 2022 ‑23 because this level largely will be determined by discretionary choices made by the Legislature. Total reserves include the Safety Net Reserve and the enacted balance of the SFEU.)
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: California's Fiscal Outlook Press Availability - The 2022-23 Budget: California's Fiscal Outlook Press Availability [Video]

The 2022-23 Budget: California's Fiscal Outlook Press Availability - The 2022-23 Budget: California's Fiscal Outlook Press Availability [Video] Search LAO Videos The 2022-23 Budget: California 's Fiscal Outlook Press Availability November 17, 2021 Legislative Analyst Gabriel Petek hosts a video call with members of the press after the release of the LAO 's report The 2022-23 Budget: California's Fiscal Outlook .
https://lao.ca.gov/Videos/Player?playlistId=116

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

Feb 27, 2012 - Like the economic data, reports concerning state revenues have been mixed recently too, with weakness in income tax payments accompanied by speculation concerning a future bonanza of tax revenues due to the possible offering of stock by Facebook, Inc.
https://lao.ca.gov/Publications/Detail/2578

Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - As displayed in Figure  1, this spread briefly fell into negative territory in early April 2022, from 1.29  percentage points on October 8, 2021. While a temporary yield curve inversion alone is hardly a comprehensive basis on which to make state fiscal policy, its occurrence is cautionary.
https://lao.ca.gov/Publications/Report/4590

The 2024-25 Budget: Deficit Update

Feb 20, 2024 - Specifically, our forecast is about $24 billion below the Governor’s budget across 2022‑23 to 2024‑25. All else equal, this means the budget problem is likely to be higher at the time of the May Revision.
https://lao.ca.gov/Publications/Report/4850

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - Figure  1 displays our General Fund revenue outlook through 2022 ‑23. Our revenue outlook is based on a consensus national economic forecast compiled by Moody ’s Analytics. As such, our revenue estimates are premised on the continuation of moderate economic growth through 2023.
https://lao.ca.gov/Publications/Report/4037

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Figure 1 displays our General Fund revenue outlook through 2021-22. Our revenue outlook is based on a consensus national economic forecast compiled by Moody ’s Analytics. As such, our revenue estimates are premised on two key assumptions: the continuation of the current economic expansion through 2022, and a moderate stock market decline in 2019 followed by a gradual rebound.
https://lao.ca.gov/Publications/Report/3830

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - However, at the same time, the Governor ’s May Revision leaves $3.4  billion in unaddressed SAL requirements in 2022 ‑23. Figure 7 SAL Estimates in the 2022 ‑23 May Revision (In Billions)
https://lao.ca.gov/Publications/Report/4598

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Figure  3 displays our estimates of the budget ’s condition over the outlook period. As the figure shows, in addition to the $24  billion budget problem the state faces in 2023 ‑24, the state faces annual operating deficits which decline from $17  billion to $8  billion by 2026 ‑27.
https://lao.ca.gov/Publications/Report/4646

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - Figure  1 displays the distribution of most likely revenue outcomes over the multiyear (in grey). As seen in the figure, the revenues required to balance the budget (in red) are considerably above the most likely scenario in all but 2026 ‑27.
https://lao.ca.gov/Publications/Report/4687