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

May 8, 2020 - Under these two scenarios, the state would have to address an $18 billion or $31 billion budget problem. The state’s newly emergent fiscal challenges are likely to extend well beyond the end of the public health crisis.
https://lao.ca.gov/Publications/Detail/4228

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - We have talked to several of these offices throughout the state, and we understand that they have made extraordinary effo rts to ensure CalWORKs remains accessible even during public health lockdowns.
https://lao.ca.gov/Publications/Report/4306

Amid Good Fiscal Times, Planning for the Future Is Crucial [Publication Details]

May 21, 2019 - The idea here is that in good times—when revenues are strong—the state spends somewhat below its capacity, sequestering the difference in reserves. Later, when the economy and tax receipts weaken, the state can draw upon its accumulated savings to fund a spending level above what revenues would otherwise support.
https://lao.ca.gov/Publications/Detail/4051

The 2019-20 Budget: The Governor's Proposal for a New Office of Digital Innovation

Mar 22, 2019 - Evaluating the Benefits of Centralized Placement of State IT Staff. By proposing to create new business process reengineering and digital services teams within GovOps, the administration appears to support, at least to some degree, the centralized placement of some state IT staff.
https://lao.ca.gov/Publications/Report/3981

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities [Publication Details]

Feb 5, 2019 - We begin with background to explain the state budget structure, budget problems, and options for addressing budget problems. We also provide background on the state’s existing reserves and debts and liabilities.
https://lao.ca.gov/Publications/Detail/3925

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - With this lower-barrier to “repatriating” profits, we believe a portion of the surge in recent state collections likely is due to corporations bringing this cash back to the United States and paying the applicable state taxes on those profits.
https://lao.ca.gov/Publications/Report/4037

Structuring the 2019-20 Budget: Reserves, Debt, and Liabilities [Publication Details]

Mar 5, 2019 - Assembly Budget Subcommittee No. 4 on State Administration
https://lao.ca.gov/Publications/Detail/3964

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 May Revision: LAO Economic Outlook

May 12, 2019 - The 2019-20 May Revision: LAO Economic Outlook The 2019-20 May Revision LAO Economic Outlook Our office just released a summary of our updated state fiscal outlook for the May Revision. Our fiscal outlook is premised on a set of economic assumptions.
https://lao.ca.gov/Publications/Report/4036

The 2019-20 Budget: Overview of the Governor's Budget [Publication Details]

Jan 14, 2019 - Although the Governor’s allocation to discretionary reserves represents a smaller share of resources than recent budgets, the Governor’s decision to use a significant share of resources to pay down state debts is prudent.
https://lao.ca.gov/Publications/Detail/3916