The 2025-26 Budget: California Department of Corrections and Rehabilitation

Feb 25, 2025 - CDCR Also Continuing to Operate Excess APP and ICF Bed Capacity. As shown in Figure   4 , CDCR is also operating excess capacity in other types of inpatient beds, including 205 APPs, 327  ICFs at both men ’s prisons and state hospitals, 32  APP/ICF beds at women ’s prisons, and 13 APP/ICF beds for the condemned population.
https://lao.ca.gov/Publications/Report/4986

The 2018-19 Budget: Department of General Services

Feb 20, 2018 - The administration ’s estimate does not take into account that money today is more valuable than money in the future (often referred to as the “time value of money ”) through a technique called discounting future cash flows.
https://lao.ca.gov/Publications/Report/3758

The 2023-24 Budget: Financing Approaches for Capital Outlay Projects

Feb 28, 2023 - On the other hand, cash financing has certain benefits over bonds. Most notably, using cash can lower overall spending for a project. This is because the state does not have to make interest payments.
https://lao.ca.gov/Publications/Report/4709

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Flexible Cash Assistance for Survivors of Crime Grant Program Reversion. To help address the fiscal difficulties facing the state, the budget reverts $50  million General Fund from the Flexible Cash Assistance for Survivors of Crime pilot program.
https://lao.ca.gov/Publications/Report/5081

The 2019-20 Budget: California Spending Plan—Other Provisions

Oct 17, 2019 - In some cases, agencies or departments are not authorized to make expenditures on the development and implementation of a project until 30 calendar days after written notification of the Legislature.
https://lao.ca.gov/Publications/Report/4101

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The new Climate Catalyst Revolving Loan Fund would lend money to private sector organizations for projects determined to advance the state ’s environmental goals, along with other priorities —such as creating high ‑quality jobs.
https://lao.ca.gov/Publications/Report/4135

Ten Years Later: Progress Towards Expending the 2006 Bond Funds

Jan 3, 2017 - Starting in late 2008, the state put bond sales on hold due to the state’s cash flow challenges during the Great Recession. This delayed projects across all of the 2006 bonds, often by about a year. Quick Expenditures Are Often Expected and Can Be Desirable . . .
https://lao.ca.gov/Publications/Report/3519

Evaluating California's Pursuit of Zero Net Energy State Buildings

Nov 14, 2017 - Take Into Account Time Value of Money. The analyses should apply a reasonable discount rate that takes into account that dollars in the future are worth less than those today. Evaluate Key Alternatives.
https://lao.ca.gov/Publications/Report/3711

The 2016-17 Budget: The Governor's State Office Building Proposal

Feb 9, 2016 - We note, however, the difference in costs associated with paying cash rather than borrowing is relatively small right now given the current low interest rate environment. Additionally, paying for projects up –front allows the state to avoid future debt –service costs that could crowd out spending on other areas in future years.
https://lao.ca.gov/Publications/Report/3347

The 2025-26 Budget: SB 678 County Probation Grant Program

Apr 11, 2025 - This would make estimates of performance more accurate and potentially more achievable for some counties. Although making this change might only result in modest changes to the statewide performance payment, compared to the Governor ’s proposal, it may have a larger impact on smaller, more rural, counties that are more affected by small changes in failure-to-prison rates.
https://lao.ca.gov/Publications/Report/5031