CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

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

Jan 13, 2025 - On a net basis, these items slightly improve the budget’s bottom line. Neither our November estimates nor the administration ’s estimates included any costs associated with the devastating wildfires in Southern California, as both were developed before those wildfires began.
https://lao.ca.gov/Publications/Report/4951

Rethinking California's Reserve Policy

Apr 10, 2025 - For example, in 2018 ‑19, the Legislature created the Budget Deficit Savings Account —which was used to temporarily hold a $2.6  billion optional deposit into the BSA —and the Safety Net Reserve —a reserve specifically dedicated to CalWORKs and Medi ‑Cal.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - For instance, safety net programs have higher enrollment during economic downturns. Similarly, state firefighting costs rise significantly in years with larger wildfires. However, sometimes external changes can alter a program ’s scope or the population served in ways that are unanticipated.
https://lao.ca.gov/Publications/Report/4983

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - On  net, our assessment of the budget condition finds the state would have a small deficit of $2  billion. Given the size and unpredictability of the state budget, we view this to mean the budget is roughly balanced.
https://lao.ca.gov/Publications/Report/4939

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net increase of $11  million (7  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. California Consumer Financial Protection Law (CCFPL).
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net increase of $11  million (7  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. California Consumer Financial Protection Law (CCFPL).
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - The net revenue generated by the tax was to (1)  help offset General Fund spending in Medi ‑Cal and (2)  augment funding for Medi ‑Cal and other health programs. Recognizing the substantial budget problem facing the state, this year ’s spending plan makes three key changes to this package.
https://lao.ca.gov/Publications/Report/4922

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

May 17, 2024 - Safety Net Reserve . Similar to January, the Governor also proposes withdrawing the entire balance of the Safety Net Reserve —$900  million. The Safety Net Reserve was designed to help cover costs of increasing caseload in Medi-Cal and the California Work Opportunity and Responsibility to Kids program in the event of an economic downturn.
https://lao.ca.gov/Publications/Report/4902

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

Jan 13, 2024 - Safety Net Reserve. 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