The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Operating Surplus of $5 Billion in 2022 ‑23. In addition to the factors described above, which are revisions to the 2021 ‑22 Budget Act , our outlook anticipates the state will have an additional $5.2 billion operating surplus in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal 100 a Partial exclusions. Note: Includes proposals using General Fund surplus monies greater than $100 million. For a complete list of all proposals, see: https://lao.ca.gov/reports/2022/4492/Overview‑Appendix‑011422.pdf .
https://lao.ca.gov/Publications/Report/4515

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

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Due to its origins in the technology sector, the best analog for the current situation might be the 2001 recession. We have attributed some of the weaker-than-expected personal income withholding tax collections so far to a steep 84  percent decline in initial public offering (IPO) activity in 2022.
https://lao.ca.gov/Publications/Report/4762

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 15, 2017 - Additionally, implementing the paid sick leave policy for IHSS providers and the federally required electronic visit verification system in  2018 ‑19  will likely increase IHSS costs, but the full fiscal impact of these policies is uncertain.
https://lao.ca.gov/Publications/Report/3712

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - Visit California is responsible for marketing the state as a tourism destination and is funded through a voluntary assessment on the tourism industry. Increases Visit California Transparency. The budget package requires Visit California to prepare reports for the Legislature that identify how the public funds provided for tourism marketing were used and that measure the effectiveness of those marketing activities.
https://lao.ca.gov/Publications/Report/4452

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - New Inflation Poses Not So New Budget Risk December 15, 2022 Tweet Gabriel PetekLegislative Analyst Persistent high inflation presents federal and state policymakers with an economic problem not seen in roughly four decades.
https://lao.ca.gov/Publications/Report/4653

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The 2018 ‑ 19 b udget includes language that would adjust the SSP portion of the grant based on annual changes to the cost of living, as measured by the California Necessities Index, beginning July  1, 2022.
https://lao.ca.gov/Publications/Report/3870/7

Understanding $100 Billion in Spending Growth: Causes and Fiscal Implications

Apr 28, 2026 - In K ‑12 education, expansions include initiatives such as a new after school program, the expansion of transitional kindergarten to all four ‑year olds, and the arts education program approved by voters through Proposition  28 (2022).
https://lao.ca.gov/Publications/Report/5176

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - While the 2020 recession was severe, the fiscal effects were smaller than anticipated and the recession was followed by strong economic growth across many sectors of the economy. Relative to the baseline revenue estimates, repealing the limits on NOLs and credits one year early reduces revenues in 2021-22 a nd 2022-23 and increases revenues somewhat in later years.
https://lao.ca.gov/Publications/Report/4626