The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - On January 10, 2023, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
https://lao.ca.gov/Publications/Report/4662/2

New Inflation Poses Not So New Budget Risk [Publication Details]

Dec 15, 2022 - New Inflation Poses Not So New Budget Risk [Publication Details] New Inflation Poses Not So New Budget Risk Format: HTML Description: Persistent high inflation presents federal and state policymakers with an economic problem not seen in roughly four decades.
https://lao.ca.gov/Publications/Detail/4653

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - For the many state programs that do not adjust automatically, appropriations are fixed at their existing level. Unless the Legislature appropriates additional funds, higher inflation itself does not cause the state to spend more.
https://lao.ca.gov/Publications/Report/4653

The 2023-24 Budget: California's Fiscal Outlook [Publication Details]

Nov 16, 2022 - In this report, we anticipate the state will have a $24 billion budget problem to solve in the upcoming fiscal year and operating deficits declining from $17 billion to $8 billion over the multiyear period.
https://lao.ca.gov/Publications/Detail/4646

The 2023-24 Budget: Considering Inflation's Effects on State Programs [Publication Details]

Nov 16, 2022 - The 2023-24 Budget: Considering Inflation's Effects on State Programs [Publication Details] Description: This brief takes a case study approach to examine how elevated inflation has already impacted—and could continue to impact—state spending programs.
https://lao.ca.gov/Publications/Detail/4647

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - The net effect of these assumptions is that the outlook assumes that state pension contribution rates are significantly higher than the projected rates published in CalPERS ’ most recent actuarial valuation.
https://lao.ca.gov/Publications/Report/4646

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

The 2022-23 Budget: Overview of the Spending Plan [Publication Details]

Oct 12, 2022 - Each year, our office publishes the California Spending Plan to summarize the annual state budget. This publication provides an overview of the 2022-23 Budget Act, gives a brief description of how the budget process unfolded, and then highlights major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Detail/4616

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - (We treat funding increases for core operations, including pensions and other employee benefits, as maintaining current service levels rather than discretionary spending.) Additional Funding Increases for Undergraduate Enrollment Growth.  
https://lao.ca.gov/Publications/Report/4616

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - SAL = state appropriations limit; CAC = California Arts Council; CSSSA = California State Summer School for the Arts; CDE = California Department of Education; CDFA = California Department of Food and Agriculture; CSL = California State Library; CTC = Commission on Teacher Credentialing; DCA = Department of Consumer Affairs; DCC = Department of
https://lao.ca.gov/Publications/Report/4616/1