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

May 17, 2024 - The SFEU is the state ’s operating reserve and essentially functions like an end-of-year balance. The State Constitution ’s balanced budget provision prohibits the state from enacting a negative SFEU balance for the upcoming fiscal year, in this case, 2024-25.
https://lao.ca.gov/Publications/Report/4902

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - (Our earlier analysis, The 2024‑25 Budget: Initial Comments on the Governor’s May Revision , differed in two ways: (1) it provided our assessment of the budget condition in 2024‑25 only, and (2) it was predicated on the administration’s revenue estimates.)
https://lao.ca.gov/Publications/Report/4907

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - That is, all of the savings associated with the payment would accrue to 2024 ‑25 with zero benefit to future years. Proposed Use of 2023 ‑24 Payment Appears to Violate Constitution by Supplanting State Contribution in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4887

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

Jan 13, 2024 - We define a delay as an expenditure reduction that occurs in the budget window (2022 ‑23 through 2024 ‑25), but has an associated expenditure increase in a future year of the multiyear window (2025 ‑26 through 2027 ‑28).
https://lao.ca.gov/Publications/Report/4825

The 2024-25 Budget: Deficit Update

Feb 20, 2024 - The 2024-25 Budget: Deficit Update Deficit Update Under LAO Revenue Update, Budget Problem Grows by $15  Billion The state already faces a significant deficit this year — we estimate it totaled $58 billion under the administration’s revenue forecast at the time the Governor’s budget was proposed in January.
https://lao.ca.gov/Publications/Report/4850

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

Jan 13, 2024 - Appendix 1, Figure 4 Reversions Proposed in the 2024 ‑25 Governor ’s Budget General Fund (In Millions)
https://lao.ca.gov/Publications/Report/4825/1

The 2024-25 Budget: LAO Assessment of the Governor’s May Revision [Publication Details]

May 24, 2024 - The 2024-25 Budget: LAO Assessment of the Governor’s May Revision [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/4908

The 2024-25 Budget: Multiyear Budget Outlook [Publication Details]

May 23, 2024 - The 2024-25 Budget: Multiyear Budget Outlook [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/4907

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

May 17, 2024 - The 2024-25 Budget: Initial Comments on the Governor’s May Revision 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/Report/4902/1

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

May 17, 2024 - The 2024-25 Budget: Initial Comments on the Governor’s May Revision 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/Report/4902/2