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

Feb 28, 2023 - In our view, this would be one reasonable way to free up some General Fund cash to maintain funding for existing programs that might otherwise need to be cut to address the budget problem. Even though interest rates are relatively high right now , if interest rates come down in the future, the state typically has the option of effectively refinancing at a lower interest rate.
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

Funding UC Faculty Research Facilities [Publication Details]

Jun 23, 2004 - This will free up hundreds of millions of dollars of scarce state resources for other high priority projects in higher education or other program areas. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/1190

Evaluating the Sale-Leaseback Proposal: Should the State Sell Its Office Buildings? [Publication Details]

Apr 27, 2010 - The sale-leaseback is designed to free up the state’s equity in the buildings to provide one-time revenue for addressing the state’s current budgetary shortfall. We estimate that the sale of buildings would result in one-time revenue to the state of between $600 million and $1.4 billion, but that annual leasing costs would eventually exceed ownership costs by approximately $200 million.
https://lao.ca.gov/Publications/Detail/2261

The 2016-17 Budget: Review of UC’s Merced Campus Expansion Proposal

Feb 10, 2016 - UC Implementing Instructional Efficiencies to Free Up Space. The Legislature has multiple options for expanding access to UC. One option is to encourage UC to achieve additional instructional efficiencies.
https://lao.ca.gov/Publications/Report/3349

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

Assessing Community College Programs at State Prisons

Jul 1, 2024 - Students apply for a waiver by completing a CCC application (known as the “Community College Promise Grant Application ”) or a federal application (known as the “Free Application for Federal Student Aid ” or FAFSA).
https://lao.ca.gov/Publications/Report/4913

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 2025-26 Budget: California Department of Corrections and Rehabilitation

Feb 25, 2025 - This  increase in costs is partially offset by various factors, including lower ‑than ‑expected costs of providing naloxone (a  medication that can prevent overdose deaths) to people when they are released from prison and free phone calls to people in  prison.
https://lao.ca.gov/Publications/Report/4986

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