The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - However, our Fiscal Outlook revenue forecast, shown in Figure  2 , reflects a smaller, temporary upgrade which reverses beginning in 2026 ‑ 27 —resulting in 2026 ‑27 revenues being in line with budget act estimates.
https://lao.ca.gov/Publications/Report/5091

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - Provisions of Proposition  2 Key Provisions of Proposition  2. Proposition  2 requires the state to make: (1) minimum annual payments toward certain eligible debts (until 2029 ‑30) and (2) deposits into the state ’s rainy day fund.
https://lao.ca.gov/Publications/Report/3727

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement. Proposition  2 created new rules regarding: (1)  deposits into the state ’s rainy ‑day fund and (2)  accelerating payments toward certain eligible debts.
https://lao.ca.gov/Publications/Report/4887

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - The 2021-22 Budget: The Governor’s Proposition 2 Proposals The Governor ’s Proposition  2 Proposals Introduction Passed by voters in 2014, Proposition  2 changed budgeting practices concerning: (1)  reserves and (2)  debt payments.
https://lao.ca.gov/Publications/Report/4418

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Reserve Deposits Under Proposition  2 Proposition  2 Now Governs BSA Deposits. In November 2014, voters approved Proposition  2. In addition to other changes, Proposition  2 created a set of formulas that specified minimum annual amounts the state must deposit into the BSA and use to pay down certain debts.
https://lao.ca.gov/Publications/Report/3900

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - The 2020-21 Budget: Proposition 2 Debt Payment Proposals 2.0 4 Use Proposition   2 t o Keep the CalSTRS Funding Plan On Track. Proposition   2 p resents the Legislature with a unique opportunity to determine how best to use funds that it is required to spend.
https://lao.ca.gov/Publications/Report/4196

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Figure  2 shows the distribution of ongoing solutions in the May Revision by program area in 2028-29, which total $16.3  billion. Ongoing solutions in Medi-Cal reflect about two-thirds of the total. The largest service-related solutions in Medi-Cal include freezing enrollment for adults with unsatisfactory immigration status, charging monthly premiums for the same population, and reinstating the asset test for seniors and individuals with disabilities.
https://lao.ca.gov/Publications/Report/5052

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - For 2019 ‑20, Test   1 i s the operative test under our outlook. If revenue were to be lower than our estimate by any amount, Test  1 would remain operative and the guarantee would drop about 40 c ents for each dollar of lower revenue.
https://lao.ca.gov/Publications/Report/3897

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - If the worker (or a family member) tests positive for COVID-19, the law requires employers to provide up to an additional 40 hours (for a total of 80 hours) of sick leave if needed. Increased Weekly PFL and DI Benefits.
https://lao.ca.gov/Publications/Report/4626