The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - These two changes are estimated to reduce the inmate population by nearly 11, 000 i nmates by 2023 ‑24. The budget assumes that these changes will create $6. 4  m illion in savings in 2020 ‑21. Savings will likely increase to hundreds of millions of dollars within a few years.
https://lao.ca.gov/Publications/Report/4263

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Eliminating all the various COLAs would result in General Fund savings of $2. 1  b illion in 2020 ‑21. Most of these savings —$1. 7  b illion —would come from eliminating the COLA for K ‑ 14 e ducation.
https://lao.ca.gov/Publications/Report/4228

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Our office estimated the full ‑year savings —in 2022 ‑ 23 —of suspending these expenditures was $1. 7  b illion. The augmentations subject to suspensions were in a variety of state programs, including In ‑Home Supportive Services, developmental services, and Medi ‑Cal.
https://lao.ca.gov/Publications/Report/4135

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - Three of those —the recession in the early 1990s, the dot ‑com bust in the early 2000s, and the Great Recession —resulted in large revenue shortfalls and ensuing multiyear deficits, even for some years after each recession ended.
https://lao.ca.gov/Publications/Report/4687

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - Second, the report addresses what share of the $ 7  b illion surplus in 2020 ‑ 21 i s available to be allocated to ongoing purposes (meaning amounts that occur annually) versus one ‑time purposes (meaning amounts that are spent or saved only in 2020 ‑21).
https://lao.ca.gov/Publications/Report/4111

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Revenues increased by nearly 30 percent in 2020-21 and another 20 percent in 2021-22. In the course of allocating the historically large surpluses generated by the revenue surge, General Fund spending increased commensurately.
https://lao.ca.gov/Publications/Report/4762

Supplemental Report of the 2020-21 Budget Act [Publication Details]

Jul 29, 2020 - Supplemental Report of the 2020-21 Budget Act [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4260

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - Figure 3 shows the costs of rejecting the Governor ’s proposal in 2022 ‑23 and 2023 ‑24. Figure 3 General Fund Cost of Rejecting Governor ’s Proposal (In Millions)
https://lao.ca.gov/Publications/Report/4328

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Specifically, funding in the budget declines to $2. 5 b illion (all funds) in 2022 ‑23 for these housing and homelessness programs and the budget only provides $ 24 m illion (General Fund) in ongoing funding beginning in 2023 ‑24.
https://lao.ca.gov/Publications/Report/4448