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: Multiyear Budget Outlook

May 24, 2022 - Under our estimates of revenue and spending in the out ‑years, the state would have a very narrow operating deficit in 2023 ‑24, a  small operating surplus in 2024 ‑25, and a larger operating deficit in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4602

Despite Fiscal Forecasting Uncertainties, Multiyear Budget Planning Essential [Publication Details]

May 27, 2021 - This manifests in operating deficits that persist through the outlook horizon (2024‑25). Adopting a budget with this combination of assumptions is inadvisable in our view. One reason is that—given the state’s balanced-budget requirement—doing so requires assuming that the multiyear budget projections are wrong.
https://lao.ca.gov/Publications/Detail/4443

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

Jan 10, 2021 - When the state created the requirement for supplemental payments, it had anticipated a steep drop in the minimum guarantee that would affect school and community college funding for several years. The supplemental payments were intended to accelerate the recovery from this drop, with payments growing from $2.3  billion in 2021 ‑22 to more than $6  billion by 2024 ‑25.
https://lao.ca.gov/Publications/Report/4309

The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - For example, the minimum funding level for schools and community colleges is set by the constitutional requirements of Proposition  98 (1988). While the Legislature can change how funds within Proposition  98 are distributed, funding less than the constitutional minimum in any particular year requires a two-thirds vote and creates a future obligation for more school funding in subsequent budgets.
https://lao.ca.gov/Publications/Report/4983

The State Appropriations Limit

Apr 21, 2021 - Within a few years, there is a good chance of a substantial amount of negative room. Specifically, by 2024 ‑25, the state is more likely than not to have negative room in excess of $ 10  b illion. As a result, we anticipate the Legislature will need to make —potentially major —changes to the state budget in the coming years.
https://lao.ca.gov/Publications/Report/4416

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts 2024 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Publications/Detail/4942

The 2022-23 Budget: State Appropriations Limit Implications

Mar 30, 2022 - The scenario shown in Figure  5 assumes the state saves $10  billion in 2022 ‑23 and then uses those funds to pay for SAL requirements in 2023 ‑24 and/or 2024 ‑25. As such, the nearly $10  billion in funds available as a result of rejecting these proposals must be saved to help balance the budget in the future.
https://lao.ca.gov/Publications/Report/4583

California's Legislative Analyst's Office and the Value of Independence

Nov 15, 2024 - California 's Legislative Analyst 's Office and the Value of Independence November 15, 2024 Tweet Gabriel PetekLegislative Analyst Providing the Legislature with a clear picture of the state ’s budget condition and the fiscal choices it faces is a cornerstone responsibility of the Legislative Analyst ’s Office (LAO).
https://lao.ca.gov/Publications/Report/4938

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Appendix 4, Figure 3 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Health and Human Services General Fund (In millions) Service provider rate reform acceleration $34 Workforce stability initiative and administrative costs 1 Continue the Coordinated Family Support pilot program 11 Modernizing the Older Californians Act 87 Behavioral Health
https://lao.ca.gov/Publications/Report/4788/4