The 2017-18 Budget: Alternatives to the Governor’s Proposition 2 Proposals

Feb 23, 2017 - The administration proposes $3.2  billion in budget actions to eliminate its projected $1.6  billion deficit and leave a balance in the 2017 ‑18 year ‑end discretionary reserve of $1.6  billion. Proposition   2 Requires Minimum Debt Payments and Reserve Deposits Each Year.
https://lao.ca.gov/Publications/Report/3574

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - In addition to required spending increases under the Proposition  98 minimum guarantee, the May Revision proposed a discretionary increase of $1.6  billion for schools and community colleges across the three fiscal years.
https://lao.ca.gov/Publications/Report/3694/2

Fiscal Outlook Supplement on Proposition 2: Overview

Dec 2, 2015 - As shown in Figure 2, this total includes four components: (1) a $1.6 billion deposit made before Proposition 2, (2) the 2015-16 Budget Act deposit of   $1.9 billion; (3) the first 2015-16 true up deposit of $2.2 billion, and (4) the 2016-17 Budget Act deposit of $1.6 billion.
https://lao.ca.gov/Publications/Report/3313

The 2016-17 Budget: The Governor’s Reserve Proposal

Feb 19, 2016 - This includes a $1  billion true –up deposit for 2015 –16 and a $1.6  billion initial deposit for 2016 –17 . These deposits would build on the BSA ’s current balance of $3.5  billion. The administration also estimates Proposition  2 will require $1.6  billion in debt payments, which we will discuss in more detail in an upcoming publication.
https://lao.ca.gov/Publications/Report/3348

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - In 2014 ‑15, the Legislature deposited $1.6  billion in the BSA under the rules of Proposition  58. In 2015 ‑16, the Legislature made a mandatory deposit into the BSA under the rules of the recently enacted Proposition  2.
https://lao.ca.gov/Publications/Report/3900

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Savings Proposals Generates $1.6 Billion School and Community College Settle‑Up Obligation in 2024‑25. The Governor’s budget proposes providing $1.6 billion less in total funding for schools and community colleges than the estimated constitutional minimum funding level for 2024‑25.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Second, these higher revenues are more than offset by more discretionary spending, which totals $4  billion in the final package, compared to $1.6  billion in the May Revision. (The difference between these two —over $2   billion —increases the budget problem.)
https://lao.ca.gov/Publications/Report/5079

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

Jan 13, 2024 - This includes, for example, $1.6 billion in spending delays for competitive transit grant funds, a change in the General Child Care budgeting methodology that results in nearly $900 million in savings over the budget window, and a change in the distribution of funds in the school facilities program that delays nearly $700 million in spending until after 2024‑25.
https://lao.ca.gov/Publications/Report/4825

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Largely as a result, the administration ’s estimate of required reserve deposits and debt payments under Proposition  2 were $1.6  billion lower in the May Revision relative to the Governor ’s budget.
https://lao.ca.gov/Publications/Report/3487/2

Proposed Reserves in the Governor’s May Revision

May 17, 2016 - The administration lowered its estimate of the initial 2016-17 deposit to $1.3 billion —down from $1.6 billion in January. The administration also now estimates the state will need to “true down ” (reduce) the 2015-16 initial BSA deposit by $39 million, rather than the $1.0 billion “true up ” (or increase) estimated in January.
https://lao.ca.gov/Publications/Report/3463