Rethinking California's Reserve Policy

Apr 10, 2025 - These problems are also clear when California ’s reserves are compared to other states —California ranks near the top in terms of revenue volatility, but below average in terms of reserves. As such, our recommendations are an honest reflection of the volatility in the state ’s tax system.
https://lao.ca.gov/Publications/Report/5028

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - As a result, we consider these to be a type of spending-related solution because they typically result in lower overall state spending, inclusive of all funds. We estimate the May Revision includes $5  billion in fund shifts.
https://lao.ca.gov/Publications/Report/4902

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - As a result, we consider these to be a type of spending‑related solution because they typically result in lower overall state spending, inclusive of all funds. We estimate the Governor’s budget includes $6 billion in fund shifts.
https://lao.ca.gov/Publications/Report/4825

Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - While this partly reflects the inclusion of large one-time spending proposals that could be altered, it does not account for future SAL requirements. Our main recommendation —to reject $10 billion of the Governor ’s non-SAL-excludable spending proposals and instead save the funds —would help the state ’s fiscal outlook in two ways.
https://lao.ca.gov/Publications/Report/4590

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Additionally, the budget package adds staff at both the California Film Co mmission Board and California Film Commission who will be focused on promoting diversity, equity, and inclusion in the film industry.
https://lao.ca.gov/Publications/Report/4814

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - . $9.3  Million to Address Inclusion in Biomedical Research Studies. The budget includes $9.3  million General Fund in 2022-23 to increase the number of participants from underrepresented backgrounds who are recruited, enrolled, and retained in biomedical research studies.
https://lao.ca.gov/Publications/Report/4626

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

Jan 13, 2022 - This is in addition to full inclusion of 2022 ‑23 funding that was agreed to by the Legislature and the Governor as part of the 2021 ‑22 budget for different packages of proposals related to climate resilience, zero ‑emission vehicles (ZEVs), and drought.
https://lao.ca.gov/Publications/Report/4492