The 2012-13 Budget: Economic and Revenue Update [Publication Details]

Feb 27, 2012 - Like the economic data, reports concerning state revenues have been mixed recently too, with weakness in income tax payments accompanied by speculation concerning a future bonanza of tax revenues due to the possible offering of stock by Facebook, Inc.
https://lao.ca.gov/Publications/Detail/2578

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

Jan 12, 2026 - The proposals reduce costs by around $900  million in 2026 ‑27, with savings in future years ramping up to a few billion dollars annually. Other Budget Solutions. The budget also includes a few other, smaller budget solutions.
https://lao.ca.gov/Publications/Report/5101

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Key proposals include limiting provider overtime and travel hours in the IHSS program (about $700  million, growing to nearly $900  million), reducing Medi ‑Cal payments to clinics that serve patients with unsatisfactory immigration status ($450  million, growing to $1.1  billion), and eliminating certain long ‑term care facility benefits for this population (about $300  million, growing to $800  million).
https://lao.ca.gov/Publications/Report/5044

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - The Governor also proposes withdrawing the entire balance of the Safety Net Reserve—$900 million. Withdrawing the entire balance of the Safety Net Reserve may not be consistent with legislative intent.
https://lao.ca.gov/Publications/Report/4825

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

May 17, 2024 - This proposal provides $900  million in additional revenue in 2024-25 and over $5  billion in future years. In addition, the May Revision includes a proposal to increase the Managed Care Organization tax and use the nearly $700  million in increased revenues to offset General Fund costs.
https://lao.ca.gov/Publications/Report/4902

Fiscal Outlook: Medi-Cal

Nov 15, 2017 - Beginning in 2019 ‑20, the assumed expiration of funding for the bulk provider payment increases will leave balances of between $800  million and $900  million to fund year-over-year ongoing growth in Medi-Cal.
https://lao.ca.gov/Publications/Report/3715

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - As such, under the Legislature ’s current policy that all of the deposits in the BSA count toward the account ’s “balance, ” the state would be required to spend that $900  million on infrastructure in 2019 ‑20.
https://lao.ca.gov/Publications/Report/3900

Rethinking California's Reserve Policy

Apr 10, 2025 - The  Safety Net Reserve initially received a deposit of $200  million and the balance of the fund eventually grew to a $900  million. Yet Further Improvements Are Warranted Proposition   2 Only Allows the State to Cover About One ‑Third of Funding Shortfalls.
https://lao.ca.gov/Publications/Report/5028

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - Significant Underlying Net Cost Growth Underlying Net Cost Growth Averaging Around $900 Million Annually Throughout the Forecast Window. Underlying net cost growth reflects the fiscal impact of changes in the Medi ‑Cal caseload and per ‑enrollee costs.
https://lao.ca.gov/Publications/Report/4474

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - The reserve has a balance of $900 million and the May Revision proposes using half of that to address the budget problem in 2023‑24. Maintains State’s Constitutional Reserves. The state has two main constitutional reserve accounts: the Budget Stabilization Account (BSA), which can help address a budget problem, and the School Reserve, which can supplement otherwise required spending on schools and community colleges (and cannot help address the budget problem).
https://lao.ca.gov/Publications/Report/4769