Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - No one knows for sure, but in some scenarios, we found the cumulative estimated budget problem would substantially exceed the state ’s current combined general-purpose budget reserves of around $25  billion.
https://lao.ca.gov/Publications/Report/4590

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

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - As such, there are many types of properties that clearly meet this definition, including: buildings (such as houses, office buildings, and school buildings), land (including undeveloped land, such as parks), highways, roads, and bridges.
https://lao.ca.gov/Publications/Report/4547

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

Feb 4, 2022 - Excess Revenues Must Be Allocated to School Payments and Taxpayer Rebates. The Legislature could meet any remaining SAL  requirements by splitting excess revenues between taxpayer rebates and payments to schools and community colleges The Constitution gives the state two years to make these payments, and so the costs could be funded in the 2023 ‑24 budget.
https://lao.ca.gov/Publications/Report/4515

The 2022-23 Budget: Overview of Proposition 98 Proposals [Publication Details]

Jan 27, 2022 - This analysis describes the overall structure of the Governor's plan for school and community college funding, including the major spending proposals and underlying estimates of the Proposition 98 minimum guarantee.
https://lao.ca.gov/Publications/Detail/4502

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - This proposal would provide all colleges with at least as much funding as they received under certain calculations in 2024 ‑ 25 —regardless of the number of students they serve in the future. The budget provides nearly $3.7  billion for schools and $487  million for community colleges to cover these adjustments and  proposals. $2.3   Billion One Time for Infrastructure.
https://lao.ca.gov/Publications/Report/4492

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Consequently, actuaries now project that the state ’s contribution rate could phase down over the next few fiscal years, reaching around 2 percent beginning in 2024 ‑25. If this occurs, the state ’s required contribution rate would be around 8 percentage points lower relative to our forecast by 2024 ‑25, meaning the state would owe several billions of dollars less to CalSTRS over the forecast period.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - These funds have various spending deadlines, but the majority must be spent by September 2024. As of September 2021, California schools reported spending less than 15  percent of available federal funds.
https://lao.ca.gov/Publications/Report/4473

The 2022-23 Budget: California’s Fiscal Outlook [Publication Details]

Nov 17, 2021 - In this report, we anticipate the state will have a $31 billion surplus to allocate in the upcoming fiscal year and operating surpluses ranging from $3 billion to $8 billion over the multiyear period.
https://lao.ca.gov/Publications/Detail/4472

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details]

Nov 17, 2021 - The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details] The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges Format: HTML Description: Each year, the state calculates a “minimum guarantee” for school and community college funding based upon a set of formulas established by Proposition 98 (1988).
https://lao.ca.gov/Publications/Detail/4473