The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The precise timing and impact of Federal Reserve actions is unclear. Trade. Several recent developments have cast uncertainty over the terms of trade between the U.S. and other countries. The federal administration currently is renegotiating the North American Free Trade Agreement, an agreement that eliminates many barriers to the exchange of goods among the U.S., Canada, and Mexico.
https://lao.ca.gov/Publications/Report/3829

The 2018-19 Budget: California's Fiscal Outlook

Nov 15, 2017 - Employee Salary and Benefits. We estimate state employee salary and benefit costs will increase pursuant to current labor agreements and adjust salary increases for inflation after those agreements expire.
https://lao.ca.gov/Publications/Report/3718

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - These ongoing increases are partly offset by one‑time base General Fund reductions totaling $200 million in 2024‑25. In a related budget action, the state plans to reduce ongoing base General Fund support for UC and CSU by a total of $774 million in 2025‑26.
https://lao.ca.gov/Publications/Report/4922

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Revenues Run Ahead of Broader Economy State ’s Job Market and Consumer Spending Remain Lackluster … California ’s economy has been in an extended slowdown for the better part of two years, characterized by a soft labor market and weak consumer spending.
https://lao.ca.gov/Publications/Report/4939

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The Clean Energy Transmission Program was a part of the Climate Catalyst Revolving Loan Fund and was designed to provide financing for projects involving the construction of infrastructure for clean energy transmission.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The Clean Energy Transmission Program was a part of the Climate Catalyst Revolving Loan Fund and was designed to provide financing for projects involving the construction of infrastructure for clean energy transmission.
https://lao.ca.gov/Publications/Report/4934

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - In order to help address the General Fund shortfall, the budget package also reverted $25  million in one-time monies that had been provided in 2022-23 to support an extended Youth Job Corps summer program.
https://lao.ca.gov/Publications/Report/4814

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

Oct 16, 2023 - It also includes Chapter  58 of 2023 (S B  146 , Gonzalez), which authorizes the use of two project delivery methods —progressive design ‑build and job order contracting —under certain circumstances.
https://lao.ca.gov/Publications/Report/4788

Rethinking California's Reserve Policy

Apr 10, 2025 - This is an inherently subjective concept, in part because “core services ” are not immutable. Instead, core services will change over time as the state responds to changes in revenues by expanding or contracting the size of government.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - The  administration appears to share some of these concerns, noting recent job losses among high ‑wage workers and the risks posed by the inherent volatility of tax receipts tied to stock market gains.
https://lao.ca.gov/Publications/Report/4951