Rethinking California's Reserve Policy

Apr 10, 2025 - (In fact, Figure  7 likely overstates California ’s reserve balances compared to other states because the data appears to include the SFEU in the state ’s rainy day fund balances, although it is not a true rainy day fund.)
https://lao.ca.gov/Publications/Report/5028

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - The 2024-25 Budget: Overview of the Governor's Budget $3,135 $4,677 BCH = Secretary for Business, Consumer Services, and Housing Agency; HHAPP = Homeless Housing, Assistance, and Prevention Program; FHC = Family Homelessness Challenge Grants; BSCC  =  Board of State and Community Corrections; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of
https://lao.ca.gov/Publications/Report/4825/1

Rethinking California's Reserve Policy [Publication Details]

Apr 10, 2025 - Reserves allow the state to ensure stable funding for its services over time, even when revenue fluctuates unpredictably. Over the last few years, the state has indeed experienced significant fluctuations—large surpluses followed by significant deficits. This volatility has prompted interest in changes to the state’s reserve policy.
https://lao.ca.gov/Publications/Detail/5028

Tempered Expectations

Dec 9, 2019 - Under the baseline scenario in our recently released report The 2020-21 Budget: California's Fiscal Outlook, we estimate California's General Fund is on track for a $7 billion surplus in 2020-21, with around $3 billion available for new, ongoing commitments. Additionally, we estimate the state's rainy day fund will grow to $18.3 by the end of 2020-21.
https://lao.ca.gov/Publications/Report/4122

Building Reserves to Prepare for a Recession

Mar 7, 2018 - These required deposits were to gradually increase from 1  p ercent of General Fund revenues in 2006 ‑ 07 t o 3  p ercent in 2008 ‑09 and every year thereafter. Proposition  58 allowed these deposits to be suspended by an executive order issued by the Governor.
https://lao.ca.gov/Publications/Report/3769

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Driver License and Identification (ID) Card Processing. The 2018 ‑ 19 b udget includes $ 351  m illion for DMV to process driver licenses and ID cards. This is an increase of $ 21  m illion from the 2017 ‑ 18 l evel due to workload related to the issuance of new driver licenses and ID cards that comply with federal standards —commonly referred to
https://lao.ca.gov/Publications/Report/3870/10

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Driver License and Identification Card Federal Compliance. The budget provides an increase of $23  million and 218  positions in 2017 ‑18 (and $46.6  million and 550  positions in 2018 ‑19) for the issuance of new driver licenses and identification cards that comply with federal standards for identity verification and security features.
https://lao.ca.gov/Publications/Report/3694/10

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The state conducts surveys of regional market costs for child care every two years and typically sets the RMR such that families in every county can use their vouchers to access a certain percentage of child care providers in their areas.
https://lao.ca.gov/Publications/Report/3694/4

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The state conducts surveys of the regional market costs for child care every two years. The state historically has set the RMR such that families in every county can use their voucher to access a certain percentage of child care providers in their areas.
https://lao.ca.gov/Publications/Report/3487/4

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Introduction Every year, our office publishes the Fiscal Outlook in anticipation of the upcoming budget season. This report gives the Legislature our independent estimates and analysis of the state’s budget condition with the goal of helping lawmakers prepare for the 2025‑26 budget process.
https://lao.ca.gov/Publications/Report/4939