The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - In considering the state ’s 2022 ‑23 SAL estimates, we anticipate the state ’s SAL position in 2023 ‑24 to be a major consideration in the budget process and enactment. Our estimates for the state ’s SAL position across the budget window are also shown in the insert in Figure 6.
https://lao.ca.gov/Publications/Report/4472

Tempered Expectations

Dec 9, 2019 - The ongoing portion of the surplus is considerably smaller, averaging $3  billion through our outlook horizon which extends to 2023-24. The state ’s budget reserves, which are already at record levels, continue to increase under our baseline growth scenario.
https://lao.ca.gov/Publications/Report/4122

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - In the May Revision, the Governor proposes a new sales tax exemption for tampons, sanitary napkins, menstrual cups, and menstrual sponges. The administration estimates that the forgone revenue from this exemption will be $5.5  million General Fund ($12  million total) in 2019 ‑20, $11  million General Fund ($24  million total) in 2020 ‑21, and $5.5  million General Fund ($12  million total) in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4040

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - CalSTRS is the world ’s largest educator ‑only pension system, administering the $315  billion Teachers ’ Retirement Fund for more than 1  million members and beneficiaries (as of June 2023). CalSTRS ’ 12 ‑member Teachers ’ Retirement Board (CalSTRS Board) administers the fund and is constitutionally responsible for overseeing the system ’s investment policies and ensuring that benefit payments are made on time and according to law.
https://lao.ca.gov/Publications/Report/4887

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - We find that the state now is in good shape to weather a recession typical of the post ‑World War II era. This shows the significant progress California has made in preparing for a downturn. It does not mean, however, that the state is prepared to weather any possible recession.
https://lao.ca.gov/Publications/Report/4111

Taking Stock of California’s Recession Readiness

Feb 12, 2020 - Our November 2019 Fiscal Outlook found the state was in good shape to weather a recession typical in severity to those of the post-World War II era. The state’s large budget reserves were important to our finding, but so too were its operating surpluses.
https://lao.ca.gov/Publications/Report/4156

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

Oct 16, 2023 - The state waived family fees in both the child care and State Preschool programs, with the fees scheduled to return July 1, 2023. Chapter  4 of 2023 (A B  110 , Committee on Budget and Fiscal Review) provided $39  million across state and federal fund sources to waive family fees until September 30, 2023.
https://lao.ca.gov/Publications/Report/4788

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The 2023-24 spending plan also provides funding for compliance with the amended statute, including $1.5 million General Fund for OIS in 2023-24 and ongoing to offer nonreporting entities IS program audits, if requested.
https://lao.ca.gov/Publications/Report/4814

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The 2024-25 California Spending Plan: Other Provisions $4,850 $7,787 a Chapter 189 of 2023 (SB 104, Skinner) appropriated $73 million FF from the IIJA ’s Enabling Middle Mile Infrastructure program in 2023 ‑24. b Chapter 48 of 2022 (SB 189, Committee on Budget and Fiscal Review) included a legislative goal to appropriate $250 million GF in 2024 ‑25 for the middle
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The 2024-25 California Spending Plan: Other Provisions $4,850 $7,787 a Chapter 189 of 2023 (SB 104, Skinner) appropriated $73 million FF from the IIJA ’s Enabling Middle Mile Infrastructure program in 2023 ‑24. b Chapter 48 of 2022 (SB 189, Committee on Budget and Fiscal Review) included a legislative goal to appropriate $250 million GF in 2024 ‑25 for the middle
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services