Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - Fortunately, though, these estimates arrive at a moment when tax collections are robust , providing policymakers with the opportunity to take protective action. In light of the constraints presented by the SAL, creating additional budget resilience would help shield the Legislature’s policy priorities in future years.
https://lao.ca.gov/Publications/Report/4590

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - While our current projections suggest the state ’s economic and budgetary situations are very strong, these fortunes can change quickly. In fact, this is precisely what occurred after we published our Fiscal Outlook at the end of 2000.
https://lao.ca.gov/Publications/Report/3896