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

Apr 27, 2010 - Over the lives of these buildings, we estimate the transaction would cost the state between $600 million and $1.5 billion. The Legislature will need to weigh how these costs compare to other alternatives for addressing the state’s budget shortfall.
https://lao.ca.gov/Publications/Detail/2261

The 2019-20 Budget: California Spending Plan—Capital Outlay

Oct 17, 2019 - The vast majority of the approved capital outlay funds in 2019 ‑20 are from three sources: the General Fund ($1.5  billion); Public Buildings Construction Fund ($1.1  billion), which comes from lease revenue bonds; and the 2016 California Community College Capital Outlay Bond Fund, which comes from general obligation bonds passed in Proposition  51 (2016) ($539  million).
https://lao.ca.gov/Publications/Report/4105

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

Feb 9, 2016 - Full $1.5   Billion Appropriation Not Necessary in 2016 –17 . . . The administration is requesting that the Legislature deposit the full amount that they anticipate requiring to study, design, and construct the three priority projects —$1.5   billion —into the SOIF in 2016 –17 .
https://lao.ca.gov/Publications/Report/3347

The 2024-25 Spending Plan: Judiciary and Criminal Justice

Sep 10, 2024 - This is a decrease of $1.5  billion, or 8  percent, below the revised 2023-24 level. This decline is largely due to reductions in General Fund spending in 2024-25, such as those made to address the state ’s budget problem, as well as the expiration of limited-term funding provided in previous years.
https://lao.ca.gov/Publications/Report/4924