Ninth Annual Analysis Quiz (Antiobesity Edition) [Publication Details]

Mar 17, 2006 - This time, the analysts win. The contest rules provided that the first reporter to submit a completed and correct entry by the deadline would win. No correct entry was submitted by noon yesterday, so our hard-working analytical staff at LAO who helped to dream up these questions won this time out.
https://lao.ca.gov/Publications/Detail/1466

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - One path is falling interest rates and expansion of money available for lending and investment. A key driver of California ’s economic slump over the last two years has been the Federal Reserve ’s efforts to tamp down inflation by raising interest rates and shrinking how much money is available for lending and investment.
https://lao.ca.gov/Publications/Report/4939

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - How the Spending Plan Addresses the Budget Problem The state has several types of solutions —or options —for addressing a budget problem, but the most important include: reserve withdrawals, spending reductions, revenue increases, and borrowing (for example, loaning money from other funds to the General Fund).
https://lao.ca.gov/Publications/Report/5079

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

Jan 13, 2025 - The reason for the reduction is the recent voter approval of Proposition  35 (2024), which requires the state to spend less MCO tax money on offsetting General Fund spending and more money on provider rate increases.
https://lao.ca.gov/Publications/Report/4951

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan

Apr 4, 2018 - By assuming less money comes into the system through investment gains, the state will be required to contribute more money to pay for current and future pension costs as well as a larger unfunded liability.
https://lao.ca.gov/Publications/Report/3797

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Chapter  33 appropriates additional General Fund money in 2019 ‑20 through 2022 ‑23 as a supplemental payment to the state ’s unfunded liabilities at CalSTRS (these payments are counted toward the state ’s Proposition  2 debt payment requirements).
https://lao.ca.gov/Publications/Report/4106

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan [Publication Details]

Apr 4, 2018 - The 2018-19 Budget: Repaying the CalPERS Borrowing Plan [Publication Details] The 2018-19 Budget: Repaying the CalPERS Borrowing Plan Format: HTML Description: The 2017-18 budget package authorized a plan to borrow $6 billion from the Pooled Money Investment Account—an account that is essentially the state’s checking account—to make a one-time supplemental payment to the California Public Employees' Retirement System.
https://lao.ca.gov/Publications/Detail/3797

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - It excludes money from the federal government and from bond issuances.) Mode: General Fund General Fund + Special Funds       The drop-down menu allows the user to switch between two views —General Fund and General Fund + Special Funds.
https://lao.ca.gov/Publications/Report/3694/13

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - In this case, the state transfers additional funds to a pension system to reduce costs over the long ‑term, saving money on an ongoing basis. Paying down debts has one benefit of reserves (it addresses future spending obligations, thereby reducing the size of a future budget problem), but not the other benefit of reserves (holding money available to spend on programs in the future).
https://lao.ca.gov/Publications/Report/3925

Federal Retrenchment and State Management [Publication Details]

Oct 21, 1983 - Bill includes four observations as follows. (1) The states' management of the retrenchment process—particularly in terms of the transition from categoricals to block grants—has been a solid success. (2) The relationship between federal and state tax policies is not what many of us were led to believe. (3) Faced with the inevitability of federal retrenchment, state governments have done a poor job
https://lao.ca.gov/Publications/Detail/3423