The 2023-24 Budget: Financing Approaches for Capital Outlay Projects

Feb 28, 2023 - CHP = California Highway Patrol; DMV = Department of Motor Vehicles; DGS = Department of General Services; and DSH = Department of State Hospitals. LAO Assessment Either Bonds or Cash Can Be a Reasonable Way to Finance Capital Outlay Projects.
https://lao.ca.gov/Publications/Report/4709

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Flexible Cash Assistance for Survivors of Crime Grant Program Reversion. To help address the fiscal difficulties facing the state, the budget reverts $50  million General Fund from the Flexible Cash Assistance for Survivors of Crime pilot program.
https://lao.ca.gov/Publications/Report/5081

The 2018-19 Budget: Department of General Services

Feb 20, 2018 - This is a standard practice used when cash flows occur over time. In particular, because the future savings associated with reduced leasing costs are not discounted, they appear to be greater than they really are.
https://lao.ca.gov/Publications/Report/3758

Ten Years Later: Progress Towards Expending the 2006 Bond Funds

Jan 3, 2017 - Starting in late 2008, the state put bond sales on hold due to the state’s cash flow challenges during the Great Recession. This delayed projects across all of the 2006 bonds, often by about a year. Quick Expenditures Are Often Expected and Can Be Desirable . . .
https://lao.ca.gov/Publications/Report/3519

The 2019-20 Budget: California Spending Plan—Other Provisions

Oct 17, 2019 - This information technology (IT) project will replace the state ’s aging and decentralized IT financial systems with a new system that integrates state government processes in the areas of accounting, budgeting, cash management, and procurement.
https://lao.ca.gov/Publications/Report/4101

The 2016-17 Budget: The Governor's State Office Building Proposal

Feb 9, 2016 - We note, however, the difference in costs associated with paying cash rather than borrowing is relatively small right now given the current low interest rate environment. Additionally, paying for projects up –front allows the state to avoid future debt –service costs that could crowd out spending on other areas in future years.
https://lao.ca.gov/Publications/Report/3347

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

Jan 13, 2020 - The Governor allocates this amount among three uses: ( 1)  c ontinuing to implement the state ’s plan to prefund retiree health benefits, ( 2)  r epaying a 2017 ‑ 18 l oan from the state ’s cash resources that supported a supplemental pension payment in that year, and ( 3)  a supplemental pension payment to the state ’s teacher retirement system.
https://lao.ca.gov/Publications/Report/4135