The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - However, the 2020 ‑21 budget allocated more than $7  billion in state and federal funds to address COVID-19-related costs and mitigate learning loss. Recent federal legislation —approved shortly before the release of the Governor ’s budget —is likely to provide a similar amount of one-time funding in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4309

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - Additionally, the budget rejects the administration ’s May Revision proposal to reduce IHSS service hours by 7 p ercent effective January 1, 2021, resulting in a cost of $ 205  m illion General Fund in 2020 ‑21.
https://lao.ca.gov/Publications/Report/4263

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - The $5. 7  b illion increase in available resources is the net result of two major factors: Total Revenues and Transfers Grow $7.6   Billion. Under our office ’s economic assumptions, revenues grow by $5. 1  b illion between 2018 ‑19 and 2019 ‑20.
https://lao.ca.gov/Publications/Report/3896

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Under the June 2021 b udget plan, the total required deposit is $4. 5 b illion —$1. 9 b illion in 2020 ‑21 and $2. 6 b illion in 2021 ‑22. The largest discretionary allocation of Proposition 98 funding is $12. 5 b illion to pay down the deferrals the state adopted as part of the June 2020 b udget plan.
https://lao.ca.gov/Publications/Report/4448

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Special Fund Loans Throughout the 2000s, particularly in response to the dot-com bust and Great Recession, the state loaned amounts to the General Fund from other state accounts, particularly special funds to address General Fund budget problems.
https://lao.ca.gov/Publications/Report/4106

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762

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

Oct 2, 2018 - The CHP estimates future expenditures from the MVA of $4. 5  m illion in 2019 ‑20, $4. 9  m illion in 2020 ‑21, and $509, 000 i n 2021 ‑ 22 i n order to complete the replacement project. Vehicle Fleet Replacement.
https://lao.ca.gov/Publications/Report/3870/10

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Appendix 4, Figure 5 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Other General Fund (In millions) Broadband infrastructure —last ‑mile projects $253 Broadband infrastructure —Broadband Loan Loss Reserve Fund 175 Establish new office of public outreach 65 Note: Includes augmentations above $50 million CPUC = California Public Utilities Commission and OPR = Office of Planning and Research.
https://lao.ca.gov/Publications/Report/4788/4