The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Does the problem still exist in the way it did when the program was created? The Legislature can then assess whether the program is designed to address that problem. To the extent that the problem is not well defined or the program is not well targeted, the program is less likely to provide expected benefits.
https://lao.ca.gov/Publications/Report/4983

Rethinking California's Reserve Policy

Apr 10, 2025 - Although this is a clear improvement over current law, it also implies that, even under the Governor’s proposal, either reductions to core services or tax increases would still be common. In our view, this means more improvements are warranted.
https://lao.ca.gov/Publications/Report/5028