Rethinking California's Reserve Policy

Apr 10, 2025 - This is an inherently subjective concept, in part because “core services ” are not immutable. Instead, core services will change over time as the state responds to changes in revenues by expanding or contracting the size of government.
https://lao.ca.gov/Publications/Report/5028

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

Jan 13, 2025 - The  administration appears to share some of these concerns, noting recent job losses among high ‑wage workers and the risks posed by the inherent volatility of tax receipts tied to stock market gains.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Often, gathering this information from program participants, departments, and other sources takes time. For example, the administration proposed achieving efficiencies across state departments as part of last year ’s budget solutions.
https://lao.ca.gov/Publications/Report/4983

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

May 17, 2025 - A budget problem is inherently a point ‑in ‑time estimate that reflects information available at the time of development, forecasts of future revenues and spending, and assumptions about the extent to which changes in costs are due to current policy (that is, whether or not they are “baseline changes ”).
https://lao.ca.gov/Publications/Report/5044

Rethinking California's Reserve Policy [Publication Details]

Apr 10, 2025 - Rethinking California's Reserve Policy [Publication Details] HTML Description: Reserves allow the state to ensure stable funding for its services over time, even when revenue fluctuates unpredictably.
https://lao.ca.gov/Publications/Detail/5028