The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - (As shown in the figure, the state opted not to reduce school spending down to the minimum requirement in 2001 ‑02.) Unexpected Crises Can Significantly Increase Expenditures, Creating a Budget Problem.
https://lao.ca.gov/Publications/Report/3925

Building Reserves to Prepare for a Recession

Mar 7, 2018 - In addition, in response to the crisis, the state spent $ 1  b illion (roughly $1. 5  b illion in today ’s dollars) on various conservation and rebate programs in the 2001 ‑ 02 b udget. Loma Prieta Earthquake.
https://lao.ca.gov/Publications/Report/3769

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - As a percent of overall revenues, it is second only to the estimated $10. 3  b illion surplus in 2001 ‑02, which we projected in November 2000. The State ’s Budget Condition Can Change Quickly. While our current projections suggest the state ’s economic and budgetary situations are very strong, these fortunes can change quickly.
https://lao.ca.gov/Publications/Report/3896

The 2016-17 Budget: California's Fiscal Outlook

Nov 18, 2015 - For example, the universities did not raise tuition from 1995 –96 to 2001 –02 . Though we assume no increase in tuition under our main scenario, future decisions regarding tuition are uncertain. In some years past, the Legislature has raised tuition levels and General Fund support simultaneously whereas in other years it has raised tuition levels and reduced state funding.
https://lao.ca.gov/Publications/Report/3305