The 2020-21 Budget: Structuring the Budget

Feb 10, 2020 - In addition, required General Fund spending on schools and community colleges —under the provisions of Proposition  98 (1988) —also usually declines when revenues do. If the Legislature does not wish to reduce school and community college spending in a recession, the budget problem would be larger than what we have described here, and more reserves would be required.
https://lao.ca.gov/Publications/Report/4150

The 2020-21 Budget: Overview of the Governor's Budget [Publication Details]

Jan 13, 2020 - The Governor allocates most of the surplus toward one-time purposes, including maintaining a positive year-end balance in the state’s discretionary reserve. Under the administration’s estimates, total reserves would reach $20.5 billion at the end of 2020-21—this represents a $1.7 billion increase from the 2019-20 enacted level.
https://lao.ca.gov/Publications/Detail/4135

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Most notably, the Governor provides a combined $ 900  m illion for six programs aimed at improving school employee training, recruitment, and retention. The budget also provides $ 600  m illion for two new grant programs: (1) $ 300  m illion for grants to help low ‑performing schools and districts improve their performance and (2) $ 300  m illion for
https://lao.ca.gov/Publications/Report/4135

Tempered Expectations

Dec 9, 2019 - While this is consistent with the Legislature ’s past practice, it would involve at least one multibillion dollar year-over-year funding reduction to the schools, a difficult policy decision for the Legislature.
https://lao.ca.gov/Publications/Report/4122

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - The first aim of the Fiscal Outlook is to answer whether the state will have sufficient resources to pay for its existing commitments in the upcoming budget year (in this case, 2020 ‑21). As has been the case in recent years, the answer to this question is yes.
https://lao.ca.gov/Publications/Report/4111

The 2020-21 Budget: California's Fiscal Outlook [Publication Details]

Nov 20, 2019 - The 2020-21 Budget: California's Fiscal Outlook [Publication Details] The 2020-21 Budget: California's Fiscal Outlook Format: HTML Description: The annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term.
https://lao.ca.gov/Publications/Detail/4111

The 2019-20 Budget: Overview of the California Spending Plan (Final Version) [Publication Details]

Oct 17, 2019 - Each year, our office publishes California Spending Plan, which summarizes the annual state budget. In July, we published a preliminary version of the report. This, the final version, provides an overview of the 2019‑20 Budget Act, then highlights major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Detail/4083

The 2019-20 Budget: Overview of the California Spending Plan (Final Version)

Oct 17, 2019 - These subsidies will be available beginning in January 2020 and continue for three years —through the end of calendar year 2022 —after which time they will sunset. (The spending plan offsets the costs of these new state subsidies using increased revenues from the new state individual mandate, as described in the section on tax and other revenue policy changes.)
https://lao.ca.gov/Publications/Report/4083

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - First, in each of the four fiscal years of the MOU (2019 ‑20, 2020 ‑21, 2021 ‑22, and 2022 ‑23), the Motor Vehicle Account will contribute $25  million —totaling to $100  million over the four years —to the highway patrol retirement benefit.
https://lao.ca.gov/Publications/Report/4106

Managing California’s Cash

Sep 3, 2019 - Revenues in this year came in far below expectations, meaning the cash deficit went below $ 20  b illion and the year ended with a cumulative cash deficit of $ 10  b illion. California Faced a Frozen Credit Market in September of 2008.
https://lao.ca.gov/Publications/Report/4092