The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Across 2021 ‑22, 2022 ‑23, and 2023 ‑24, our estimates of revenues and transfers (excluding transfers to the BSA) are lower than budget act projections by  $41  billion. Formula ‑Driven Spending on Schools and Community Colleges Offsets Revenue Losses by $13   Billion.
https://lao.ca.gov/Publications/Report/4646

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - For example, for 2021-22, total SAL revenues and transfers increased from $223  billion at Governor ’s budget to $256  billion at May Revision. As the figure shows, however, the May Revision did not reflect excess revenues across 2020-21 and 2021-22 because the administration also proposed a significant amount of new SAL-excludable spending, much of which was scored to 2021-22, that reduced appropriations subject to the limit.
https://lao.ca.gov/Publications/Report/4631

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Resources and Environment: Discretionary Spending Proposals in the 2021 ‑11 Budget Package General Fund (In Millions) Environmental justice initiative (Climate resilience package) — Emergency response and preparedness: fire crews — Various wildfire resilience programs (Wildfire resilience package) — Waste reduction and recycling programs (Circular economic package) — Clean vehicle incentive
https://lao.ca.gov/Publications/Report/4448/1

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

May 17, 2021 - The funds will be transferred soon, but the state has until December 31, 2024 to use the funds. The U.S. Department of the Treasury recently released detailed guidance with more detail on how these funds can be used.
https://lao.ca.gov/Publications/Report/4432

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - The budget package includes roughly $1.1  billion General Fund (transferred into the California Emergency Relief Fund) in 2021 ‑22 to provide one ‑time retention payments to eligible workers in certain health care facilities, including hospitals and skilled nursing facilities.
https://lao.ca.gov/Publications/Report/4616

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - As shown in Figure 3 , the balance of the state ’s constitutional reserve, the Budget Stabilization Account (BSA), would grow to about 10 percent of General Fund revenues and transfers ($21 billion) under our revenue estimates.
https://lao.ca.gov/Publications/Report/4472

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - For example, the language allows DOF to transfer amounts within a program, project, or function, or between department ’s state operations and local assistance items, in order to support the implementation of the appropriations of these funds.
https://lao.ca.gov/Publications/Report/4448

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - Reflecting these unprecedented collections, the May Revision assumes revenues (excluding Budget Stabilization Account [BSA] transfers) will be $57  billion higher than the Governor ’s budget over the budget window.
https://lao.ca.gov/Publications/Report/4598

An Update on California’s Cash Management Situation

Aug 31, 2020 - For example, the state typically transfers funds to school and community college districts, makes payments to Medi-Cal providers, and issues payroll to state employees every month of the year. However, the state receives most of its revenues in the latter half of the fiscal year, in particular January, April, and June, which are key months for collections of the personal income tax .
https://lao.ca.gov/Publications/Report/4266

The 2020-21 Budget: Structuring the Budget

Feb 10, 2020 - For example, the 2016 ‑ 17 b udget anticipated General Fund revenues (excluding transfers) would total $124. 2  b illion for that year. That estimate was ultimately too high by about $ 1  b illion, with actual revenues in 2016 ‑ 17 n ow estimated to be $123. 4  b illion.
https://lao.ca.gov/Publications/Report/4150