The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - As a result of the dot ‑com bust and ensuing recession in 2001, state revenues declined precipitously. The very next year, looking to budget year 2002 ‑03, our Fiscal Outlook found the state ’s surplus had disappeared, and instead, the budget faced a deficit of $12. 4  b illion for the upcoming year.
https://lao.ca.gov/Publications/Report/3896

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

Feb 5, 2019 - The Governor ’s plan to improve the budget ’s fiscal position largely is based on a roughly $ 11  b illion plan to pay down retirement liabilities and budgetary borrowing. In addition, the Governor builds more reserves, devotes most of his new spending proposals to one ‑time commitments, and adds roughly $ 3  b illion in ongoing spending to the budget.
https://lao.ca.gov/Publications/Report/3925

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Although the budget does not assume an extension of the MCO tax, it does propose the continued use of General Fund for the 7  p ercent restoration in 2019 ‑20. The cost of the 7  p ercent restoration is estimated to be $342. 3  m illion in 2019 ‑20.
https://lao.ca.gov/Publications/Report/3916

The 2019-20 Budget: California Spending Plan (Final Version)

Oct 17, 2019 - As described earlier, under the spending plan, Proposition  98 funding for 2019 ‑ 20 i ncreases $2. 9  b illion (3. 7  p ercent) from the revised 2018 ‑ 19 l evel. The spending plan devotes the largest share of this increase —$ 2  b illion —to school districts to cover changes in student attendance and provide a 3. 26  p ercent cost ‑of ‑living adjustment (COLA) for the Local Control Funding Formula (general purpose per ‑student funding).
https://lao.ca.gov/Publications/Report/4083

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - The current discrepancy over the size of the state ’s budget deficit —$18  billion under the Legislative Analyst ’s Office estimate versus $3  billion in the Governor ’s budget —fits squarely within that pattern.
https://lao.ca.gov/Publications/Report/5104

Supplemental Report of the 2019-20 Budget Act [Publication Details]

Aug 2, 2019 - Supplemental Report of the 2019-20 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/4084

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

Oct 17, 2019 - (We describe these payments in more detail in our post The 2019‑20 Spending Plan: Education .) Budgetary Borrowing The spending plan made significant progress in addressing remaining budgetary borrowing amounts that fall into three categories: (1)  deferrals, (2)  special fund loans, and (3)  settle up.
https://lao.ca.gov/Publications/Report/4106

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

Oct 5, 2020 - The budget projects IHSS total costs to increase from $13. 6  b illion in 2019 ‑ 20 t o $15. 2  b illion in 2020 ‑21 (11. 7  p ercent). General Fund costs are estimated to slightly increase between 2019 ‑20 ($4. 3  b illion) and 2020 ‑21 ($4. 5  b illion).
https://lao.ca.gov/Publications/Report/4263

Managing California’s Cash

Sep 3, 2019 - On a budgetary basis, this fund has grown from several hundreds of millions of dollars in the early 2000s to over $ 3  b illion in 2019. On a cash basis, the fund had $3. 5  b illion on June 30, 2019 —which represents 6  p ercent of total borrowable resources.
https://lao.ca.gov/Publications/Report/4092

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Figure  3 shows estimates of tax revenue losses associated with each of the last three recessions: the recession of the early 1990s, the dot ‑com bust and ensuing recession in the early 2000s, and the financial crisis and Great Recession beginning in 2008.
https://lao.ca.gov/Publications/Report/3769