The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - The administration reached agreement with all 21 o f the state ’s bargaining units in June and July 2020 t o reduce state employee compensation costs in 2020 ‑21. As part of the budget package, the Legislature ratified the agreements with all 21 b argaining units.
https://lao.ca.gov/Publications/Report/4263

Supplemental Report of the 2020-21 Budget Act [Publication Details]

Jul 29, 2020 - Supplemental Report of the 2020-21 Budget Act [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4260

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - At the bottom of the figure, we display the total reserves planned for the end of 2020 ‑21 under the administration ’s estimates and assumptions. Under the Governor ’s proposed budget, the state would end 2020 ‑21 with $20. 5  b illion in total reserves.
https://lao.ca.gov/Publications/Report/4135

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Assume BSA Deposit Is Suspended in 2020 ‑21. As we describe in more detail in “Appendix  2, ” under our revenue and economic estimates, the Governor could declare a fiscal emergency in 2020 ‑21, but not 2019 ‑20.
https://lao.ca.gov/Publications/Report/4228

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - Second, the report addresses what share of the $ 7  b illion surplus in 2020 ‑ 21 i s available to be allocated to ongoing purposes (meaning amounts that occur annually) versus one ‑time purposes (meaning amounts that are spent or saved only in 2020 ‑21).
https://lao.ca.gov/Publications/Report/4111

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - Estimate of Minimum General Fund Spending Requirement Under Proposition 98 Is Down $21 Billion … Under our outlook, the decline in General Fund revenue reduces the minimum required General Fund spending under Proposition 98 by $21 billion from 2022 ‑23 through 2024 ‑25, which represents a reduction of nearly 38 cents for each dollar of lower revenue.
https://lao.ca.gov/Publications/Report/4819

Rethinking California's Reserve Policy

Apr 10, 2025 - Since 2014, the state has suspended and made withdrawals from the BSA in two years: 2020 ‑21 and 2024 ‑25. In addition, there is a withdrawal planned for 2025 ‑26 under legislative action taken last year.
https://lao.ca.gov/Publications/Report/5028

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - Under the state ’s interpretation of the withdrawal rules in the case of a disaster, the state could withdraw any amount from either the optional or mandatory balance in 2020 ‑21. LAO Comments True Up Requirement for 2020 ‑21 Could Be Higher at May Revision.
https://lao.ca.gov/Publications/Report/4418

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - After accounting for an error related to double ‑counting some federal funding (that was discovered by the administration after the enactment of the 2020 ‑ 21 b udget), we project savings of about $ 880  m illion General Fund in 2020 ‑ 21 r elative to budget act assumptions.
https://lao.ca.gov/Publications/Report/4306

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - CalSTRS Experienced 27.2 Percent Investment Returns in 2020 ‑21. CalSTRS ’ next actuarial valuation —reflecting 2020 ‑21 investment returns, payroll growth, and other factors impacting CalSTRS ’ unfunded liabilities and required contribution rates —will not be available until the spring of 2022, and CalSTRS will set required contribution rates for 2022 ‑23 at that time.
https://lao.ca.gov/Publications/Report/4472