An Update on California’s Cash Management Situation

Aug 31, 2020 - While uncertainty about the state ’s budget and cash situations is still high, the state ’s cash management outlook for 2020-21 is positive. Positive Cash Management Outlook General Fund Cash Position.
https://lao.ca.gov/Publications/Report/4266

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - However, on a cash basis, these costs would still be paid in 2025‑26 as they are incurred. Like other budget maneuvers, this creates a misalignment between the state’s cash position and its budgetary costs.
https://lao.ca.gov/Publications/Report/5079

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Instead, our forecast includes income tax collections that are somewhat weaker than suggested by cash trends, but still tens of billions of dollars above where they would be if stocks actually drop significantly.
https://lao.ca.gov/Publications/Report/5091

California’s Strong Revenue Trends Mask Looming Budget Risk [Publication Details]

Jan 23, 2026 - In this installment of Fiscal Perspectives, the Legislative Analyst describes how the LAO’s revenue estimates represent a hedge against downside stock market risk and why—despite current cash trends—caution matters given the state’s large, ongoing structural deficit.
https://lao.ca.gov/Publications/Detail/5104

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - In this installment of Fiscal Perspectives, the Legislative Analyst describes how the LAO’s revenue estimates represent a hedge against downside stock market risk and why—despite current cash trends—caution matters given the state’s large, ongoing structural deficit.
https://lao.ca.gov/Publications/Report/5104

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

Feb 5, 2019 - State ’s Budget Position and Cash Position Differ. The state budget process aligns General Fund revenues with expenditures on an annual basis. This budgetary position is different than the General Fund ’s cash position —a daily or point ‑in ‑time estimate of whether the fund has sufficient cash on hand to make expenditures.
https://lao.ca.gov/Publications/Report/3925

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Payments to Highway Patrol Pensions. In addition to directing $243  million of the 2020 ‑21 General Fund supplemental payment established by Chapter  33 to the Highway Patrol pension benefit, the Unit 5 MOU also establishes two other supplemental payments to the Highway Patrol pension benefit.
https://lao.ca.gov/Publications/Report/4106

The 2017-18 Budget: California Highway Patrol

Feb 9, 2017 - The 2017-18 Budget: California Highway Patrol The 2017-18 Budget California Highway Patrol The primary mission of the California Highway Patrol (CHP) is to ensure safety and enforce traffic laws on state highways and county roads in unincorporated areas.
https://lao.ca.gov/Publications/Report/3551

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - As shown in Figure  16, this is a $777  million (5  percent) increase from 2015 –16 . The University of California (UC) increases $282  million (9  percent), Hastings College of the Law (Hastings) increases $3  million (27  percent), and CSU increases $275  million (8  percent).
https://lao.ca.gov/Publications/Report/3487/5

Managing California’s Cash

Sep 3, 2019 - Once monies are disbursed, they are no longer available for cash flow borrowing. Recent Borrowing from State’s Cash Pool Reflecting the state ’s positive cash situation, the balance of the state ’s cash pool —the PMIA —has increased in recent years.
https://lao.ca.gov/Publications/Report/4092