The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal [Publication Details]

Feb 4, 2022 - The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal [Publication Details] Description: This post provides our office’s initial analysis on and comments about the Governor’s proposals to address state appropriations limit (SAL) requirements in the 2022-23 Governor’s budget.
https://lao.ca.gov/Publications/Detail/4515

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - First, the state can take a preemptive approach. Through the iterative budget process, the state can lower revenues and/or spend more on excluded purposes, using a variety of fund sources. This approach lowers appropriations subject to the limit and reduces the potential for excess revenues.
https://lao.ca.gov/Publications/Report/4515

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

Jan 13, 2020 - The Governor allocates this amount among three uses: ( 1)  c ontinuing to implement the state ’s plan to prefund retiree health benefits, ( 2)  r epaying a 2017 ‑ 18 l oan from the state ’s cash resources that supported a supplemental pension payment in that year, and ( 3)  a supplemental pension payment to the state ’s teacher retirement system.
https://lao.ca.gov/Publications/Report/4135

With New Deficits Looming, California Will Weigh its Options for Allocating a Large Revenue Windfall

Dec 1, 2020 - The first recognizes that replenishing reserves, repaying internal borrowing, and restoring supplemental pension payments —which together represent the lion ’s share of the state ’s budget resilience —all are one-time resource commitments.
https://lao.ca.gov/Publications/Report/4305

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - We recommend the Legislature begin to consider how the state might address the budget ’s ongoing problem. For example, using some of the windfall to make supplemental pension payments would reduce the multiyear structural deficit.
https://lao.ca.gov/Publications/Report/4309

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

May 16, 2022 - Each year, the state pays many billions of dollars towards debts and liabilities. (Under the Governor ’s May Revision, for example, the state would make $3.4  billion in constitutionally required debt payments under Proposition  2, as well as other routine debt payments made by the state, such as annual actuarially required contributions to the
https://lao.ca.gov/Publications/Report/4598

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Other benefit costs—such as for pensions, retiree health, and employee health benefits—also tend to increase with inflation. For example, state costs for retiree health are driven by the number of retirees receiving the benefit and the cost of health premiums.
https://lao.ca.gov/Publications/Report/4647

Tempered Expectations

Dec 9, 2019 - Worthy considerations for the other $4  billion include increasing discretionary reserves or other one-time expenditures, such as supplemental pension payments. Lawmakers could preserve fiscal flexibility by scheduling any such one-time payments to occur late in the fiscal year, contingent on the state ’s budget condition at that time.
https://lao.ca.gov/Publications/Report/4122

The 2022-23 Budget: State Appropriations Limit Implications [Publication Details]

Mar 30, 2022 - The 2022-23 Budget: State Appropriations Limit Implications [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4583

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - If Revenue Growth Falls Below Median, State Likely to Have a Budget Problem. Because the state usually plans to spend all or nearly all of its forecasted revenues, the state typically faces a budget problem if revenues grow slower than expected.
https://lao.ca.gov/Publications/Report/4583