The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Publications/Report/4432/5

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Publications/Report/4432/6

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - CalEPA = California Environmental Protection Agency; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of Resources Recycling and Recovery; CARB = California Air Resources Board; ZEV = zero ‑emission vehicle; CCC = California Conservation Corps; CEC = California Energy Commission; CNRA = California Natural Resources Agency; DFW = Department of
https://lao.ca.gov/Publications/Report/4432/7

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - On May 14, 2021, Governor Newsom presented a revised state budget proposal to the Legislature. (This annual proposed revised budget is called the “May Revision.”) In this post, we provide a summary of the Governor’s revised budget, focusing on the overall condition and structure of the state General Fund—the budget’s main operating account.
https://lao.ca.gov/Publications/Report/4432/8

The 2021-22 Budget: Initial Comments on the Governor’s May Revision [Publication Details]

May 17, 2021 - The 2021-22 Budget: Initial Comments on the Governor’s May Revision [Publication Details] The 2021-22 Budget: Initial Comments on the Governor’s May Revision Format: HTML Description: On May 14, 2021, Governor Newsom presented a revised state budget proposal to the Legislature.
https://lao.ca.gov/Publications/Detail/4432

A Framework for Allocating Federal Recovery Funds [Publication Details]

May 4, 2021 - Moreover, beyond a relatively broad set of pandemic-related parameters, the ARP likely provides states with considerable flexibility over how to allocate the funds, presenting the Legislature with a unique opportunity.
https://lao.ca.gov/Publications/Detail/4422

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - Furthermore, robust revenue trends in recent months point to a potentially sizeable state budget surplus —independent of the federal funds. As we highlighted in our recent report , the state’s present fiscal trajectory puts it on a course to exceed the constitutional state appropriations limit (SAL).
https://lao.ca.gov/Publications/Report/4422

The 2021-22 Budget: The Governor’s Proposition 2 Proposals [Publication Details]

Apr 26, 2021 - This post provides an overview of the Governor’s proposals related to Proposition 2 (2014). We provide background on how the measure works, and then summarize and comment on the Governor’s Proposition 2 reserve and debt payment proposals.
https://lao.ca.gov/Publications/Detail/4418

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - Since then, the state has repaid all of the eligible budgetary debts, meaning the remaining eligible uses of Proposition  2 are related to unfunded liabilities for pensions and retiree health benefits, as shown in Figure  4.
https://lao.ca.gov/Publications/Report/4418

The State Appropriations Limit

Apr 21, 2021 - The Constitution defines this exclusion as: “appropriations required to pay the cost of interest and redemption charges ... on indebtedness existing or legally authorized as of January 1, 1979, or on bonded indebtedness thereafter approved according to law by a vote of the electors... ” In implementing legislation, the Legislature chose not to include some outstanding debt that existed in 1979 —such as unfunded pension liabilities —as an exemption under  this  language.
https://lao.ca.gov/Publications/Report/4416