The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - In considering the state ’s 2022 ‑23 SAL estimates, we anticipate the state ’s SAL position in 2023 ‑24 to be a major consideration in the budget process and enactment. Our estimates for the state ’s SAL position across the budget window are also shown in the insert in Figure 6.
https://lao.ca.gov/Publications/Report/4472

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - For example, in 2020 ‑21, the state temporarily suspended net operating loss (NOL) deductions, preventing corporations with net income over $1  million from using NOLs. The state also limited businesses from claiming more than $5  million in tax credits.
https://lao.ca.gov/Publications/Report/4819

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - This is a net decrease of $1.2  billion (26  percent) from the revised 2022-23 level. This decrease primarily reflects the net effects of the expiration of one-time funding provided in previous years and various augmentations.
https://lao.ca.gov/Publications/Report/4814

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - We estimate that, in 2023 ‑24 specifically, the MCO tax proposal would provide $3.5  billion to address the budget problem. In addition, the May Revision proposes reverting $200  million in unspent funds associated with the Middle Class Tax Refund to the General Fund. $450 Million Reserves Uses $450 Million From the Safety Net Reserve.
https://lao.ca.gov/Publications/Report/4769

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - However, legislative reauthorization of a similar MCO tax for a three ‑year period beginning in January 2023 could result in around $2 billion in annual General Fund savings relative to our projections in 2023 ‑24 and 2024 ‑25 and $1 billion in General Fund savings in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4474

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net increase of $11  million (7  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. California Consumer Financial Protection Law (CCFPL).
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net increase of $11  million (7  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. California Consumer Financial Protection Law (CCFPL).
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - Across the rest of the budget, our estimates of baseline spending —for example, for caseload growth, federal reimbursements, and statutory cost increases —and constitutional requirements —for example, for infrastructure and deposits into reserves —differ , on net, by $800  million.
https://lao.ca.gov/Publications/Report/4662

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - This year-over-year net increase in General Fund expenditures is primarily attributable to two program changes discussed further below: (1)  a one-time appropriation of $54.6  million to accommodate a reduction in State Data Center IT service rates and cover short-term net revenue losses, and (2)  a one-time appropriation of $55.7  million General Fund (and four
https://lao.ca.gov/Publications/Report/4626

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

Jan 13, 2024 - We Estimate the Net Difference Between LAO and Administration Budget Problems Is About $10   Billion. The right side of Figure  1  shows the differences between our estimate of the administration ’s budget problem versus our own December 2023 estimate.
https://lao.ca.gov/Publications/Report/4825