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

May 17, 2024 - On May 14, 2024, Governor Newsom presented a revised state budget proposal to the Legislature. This annual proposed revised budget is referred to as the May Revision. In this brief, we provide a summary of and comments on the Governor’s revised budget, focusing on the overall condition and structure of the state General Fund—the budget’s main operating account.
https://lao.ca.gov/Publications/Report/4902/1

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

May 17, 2024 - On May 14, 2024, Governor Newsom presented a revised state budget proposal to the Legislature. This annual proposed revised budget is referred to as the May Revision. In this brief, we provide a summary of and comments on the Governor’s revised budget, focusing on the overall condition and structure of the state General Fund—the budget’s main operating account.
https://lao.ca.gov/Publications/Report/4902/2

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

May 17, 2024 - The state meets this requirement through a combination of General Fund spending and local property tax revenue. When General Fund revenue declines, the minimum requirement usually declines in tandem.
https://lao.ca.gov/Publications/Report/4902

The 2021-22 Budget: Multiyear Budget Outlook

May 23, 2021 - The 2021-22 Budget: Multiyear Budget Outlook The 2021-22 Budget Multiyear Budget Outlook This report presents our office ’s independent assessment of the condition of the state General Fund budget through 2024 ‑25 assuming the economy continues to grow.
https://lao.ca.gov/Publications/Report/4437

The 2018-19 May Revision: LAO Multiyear State Budget Outlook

May 17, 2018 - General Fund Proposition  98 Spending Is Higher. Our estimates of General Fund spending for schools and community colleges grow roughly $1  billion more per year compared to the administration. As discussed above, this difference is largely driven by our office ’s higher projections of General Fund revenue growth.
https://lao.ca.gov/Publications/Report/3843

The 2020-21 Budget: Department of General Services

Feb 12, 2020 - Reject $35. 4  m illion (General Fund) proposed for elevator projects at two facilities because it is not clear that these projects must be done immediately and the General Fund should not be used on a long ‑term basis to fund DGS building needs.
https://lao.ca.gov/Publications/Report/4157

The 2023-24 Budget: Child Care Proposals

Feb 9, 2023 - To the extent other one ‑time federal relief funds are being used as a backfill, these funds would need to be swapped out with ongoing General Fund in 2024 ‑25. This would increase future General Fund costs by several hundreds of millions of dollars, which the administration says is included in their multiyear budget.
https://lao.ca.gov/Publications/Report/4672

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - (The MCO tax offsets General Fund costs in Medi ‑Cal but it requires federal approval.) Ongoing Surplus Drops Below $1   Billion in Alternative Expenditure Scenario. There are a number of risks to the baseline expenditure scenario —including , for example, that the federal government might not approve the MCO tax.
https://lao.ca.gov/Publications/Report/4111

The 2025-26 Budget: California Military Department—STARBASE Classroom Building

Feb 20, 2025 - The total cost of the project has been revised from $1.7  million to $6.3  million General Fund, which includes preliminary plans ($68,000), working drawings ($787,000), and construction ($5,468,000).
https://lao.ca.gov/Publications/Report/4976

The 2020-21 Spending Plan: Labor and Employment Issues

Oct 5, 2020 - Major Labor and Employment Issues One-Time Transfer of Labor Law Penalties to General Fund. The 2020 ‑21 budget plan transfers $107  million one time from the Labor and Workforce Development Fund (LWDF) to the General Fund.
https://lao.ca.gov/Publications/Report/4274