The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Instead, our forecast includes income tax collections that are somewhat weaker than suggested by cash trends, but still tens of billions of dollars above where they would be if stocks actually drop significantly.
https://lao.ca.gov/Publications/Report/5091

An Update on California’s Cash Management Situation

Aug 31, 2020 - While uncertainty about the state ’s budget and cash situations is still high, the state ’s cash management outlook for 2020-21 is positive. Positive Cash Management Outlook General Fund Cash Position.
https://lao.ca.gov/Publications/Report/4266

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - State ’s Budget Position and Cash Position Differ. The state budget process aligns General Fund revenues with expenditures on an annual basis. This budgetary position is different than the General Fund ’s cash position —a daily or point ‑in ‑time estimate of whether the fund has sufficient cash on hand to make expenditures.
https://lao.ca.gov/Publications/Report/3925

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Other Major Changes Makes $6  billion supplemental payment to CalPERS using a loan from state cash balances. Replaces pay-as-you-go funding for state office buildings with lease revenue bond financing.
https://lao.ca.gov/Publications/Report/3694/1

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 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - Background CalWORKs Provides Cash Assistance and Employment Services to Low ‑Income Families. To qualify for CalWORKs, families must have one or more children and generally earn no more than about 80  p ercent of the federal poverty level.
https://lao.ca.gov/Publications/Report/4306

Managing California’s Cash

Sep 3, 2019 - Under the plan, the Controller has transferred $ 6  b illion from the PMIA to CalPERS, which CalPERS has invested to help pay down its unfunded liability, earning an expected return of 7  p ercent per year.
https://lao.ca.gov/Publications/Report/4092

Federal Spending in California

Jan 18, 2017 - In state fiscal year 2014-15, the federal government also provided $7.2 billion in direct payments for Supplemental Security Income (SSI), which provides cash assistance to the aged, blind, and disabled.
https://lao.ca.gov/Publications/Report/3531/3

The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals

Mar 26, 2019 - (That said, undoing the deferrals would slightly improve General Fund liquidity, contributing to some higher investment earnings, but this effect is difficult to quantify and very small.) Undoing, and Redoing, Deferrals Involves More Administrative Complexity.
https://lao.ca.gov/Publications/Report/3988

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - However, on a cash basis, these costs would still be paid in 2025‑26 as they are incurred. Like other budget maneuvers, this creates a misalignment between the state’s cash position and its budgetary costs.
https://lao.ca.gov/Publications/Report/5079