Rethinking California's Reserve Policy

Apr 10, 2025 - For example, in 2018 ‑19, the Legislature created the Budget Deficit Savings Account —which was used to temporarily hold a $2.6  billion optional deposit into the BSA —and the Safety Net Reserve —a reserve specifically dedicated to CalWORKs and Medi ‑Cal.
https://lao.ca.gov/Publications/Report/5028

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

Jan 13, 2025 - Finally, the Governor sets the balance of the Special Fund for Economic Uncertainties to $4.5   billion —somewhat higher than the level enacted by recent budgets. Revenue Estimates Reasonable, but Risks Must Be Kept in Focus.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - When changes in costs do not occur automatically under current policy, we count them as budget solutions or augmentations. We take this approach in order to provide the Legislature visibility into the full scope of the administration ’s choices.
https://lao.ca.gov/Publications/Report/5044

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - The Legislature could do this by identifying issues, policies, and programs that have been key areas of attention in recent years. The affected departments likely have had less capacity for other responsibilities during that time.
https://lao.ca.gov/Publications/Report/4983