The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - There are also some properties that appear to meet the de finition, although perhaps less clearly, like information technology projects. Does the State Need to Own the Asset to Count It as an Exclusion?
https://lao.ca.gov/Publications/Report/4547

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - California’s Strong Revenue Trends Mask Looming Budget Risk January 23, 2026 Tweet Gabriel PetekLegislative Analyst History suggests that fiscal risks can build during times when they are easiest to ignore.
https://lao.ca.gov/Publications/Report/5104

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - History suggests that the stock market is prone to overreact to major technological advances, even if the technology itself turns out to be revolutionary. Our Revenue Outlook Builds in Some Insurance Against a Stock Market Downturn.
https://lao.ca.gov/Publications/Report/5091

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - For example, two major proposals raise concerns for our office: the suspension of net operating loss (NOL) de ductions and unallocated state operations reductions. Finally, given that our revenue forecast is somewhat below the administration ’s forecast, we would suggest the Legislature consider whether or not it is comfortable with this downside risk to the state ’s budget picture.
https://lao.ca.gov/Publications/Report/4902

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Chapter  547 of 2015 (SB  350, de  Le ón) expanded the state ’s renewable portfolio standard from 33  percent by 2020 to 50  percent by 2030 and established a state goal of doubling the amount of energy efficiency savings by 2030.
https://lao.ca.gov/Publications/Report/3487/8

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - While our revenue forecast is designed to balance the risk of over- and underestimation, history shows that actual revenues can vary from our median projection by billions or even tens of billions of dollars over a multiyear period.
https://lao.ca.gov/Publications/Report/5052

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

Oct 2, 2018 - The budget includes a one ‑time $ 25  m illion General Fund augmentation to POST for law enforcement training activities: (1)  $ 15  m illion for use of force and de ‑escalation training, (2)  $ 5  m illion for crisis mental health training, and (3)  $ 5  m illion to provide competitive grants for innovative trainings or procedures that could reduce officer ‑involved shootings.
https://lao.ca.gov/Publications/Report/3870/11

Rethinking California's Reserve Policy

Apr 10, 2025 - This measure substantially improved the state ’s reserve policy, particularly relative to recent history. However, using the tools described in Chapter  1, this policy falls well short of the amount of reserves that are needed.
https://lao.ca.gov/Publications/Report/5028

The 2018-19 Budget: Overview of the Governor's Budget

Jan 12, 2018 - First, the Governor implements recent legislative initiatives on infrastructure consistent with current law under Chapter 5 o f 2017 (S B  1 , Beall), Chapter   852 o f 2017 (S B  5 , de Le ón), and Chapter 365 o f 2017 (S B  3 , Beall).
https://lao.ca.gov/Publications/Report/3731

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The second initiative provides $5  million one ‑time Proposition  98 funding for the California Historical Society, in partnership with the California History/Social Science Project, to create a free online K ‑12 curriculum for history/social science.
https://lao.ca.gov/Publications/Report/3694/3