The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 16, 2022 - If the guarantee were below our estimates in 2024 ‑25, for example, the increase in withdrawals that year would come at the expense of withdrawals the following year. On the upside, if the guarantee were to exceed our forecast because of higher General Fund revenues, the required withdrawals likely would decrease.
https://lao.ca.gov/Publications/Report/4648

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - The Governor ’s budget maintains an already planned withdrawal from the state ’s rainy day fund, which we think is a reasonable choice. Since 2023 ‑24, the Legislature has addressed a cumulative total of $82  billion in budget problems, but even including the withdrawal for 2025 ‑26, has only used about half of the Budget Stabilization Account (BSA).
https://lao.ca.gov/Publications/Report/4951

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Figure 7 Governor Still Uses Budget Solutions Despite Historic Revenue Growth Budget Solutions From 2020 Maintained in 2021 May Revision (In Billions) Reserve Withdrawals Make Budget Stabilization Account withdrawal $7.8 Make Safety Net Reserve withdrawal 0.5
https://lao.ca.gov/Publications/Report/4432

The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - It also requires the state to withdraw funding from the reserve when the guarantee is growing more slowly than inflation. When the state’s overall fiscal condition is relatively weak, the Legislature can suspend or reduce required deposits or make additional discretionary withdrawals.
https://lao.ca.gov/Publications/Report/4940

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - Under  the Governor ’s budget, a mandatory withdrawal from this reserve covers $44  million in community college apportionments costs (and $363  million in school district costs) in 2026 ‑27. In addition to this mandatory withdrawal, the Governor ’s budget also includes mandatory deposits into the reserve in 2024 ‑25 and 2025 ‑26 due to higher estimated capital gains revenue, as well as a discretionary deposit in 2025 ‑26.
https://lao.ca.gov/Publications/Report/5150

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

Jan 13, 2023 - The state has many types of solutions —or tools —for addressing a budget problem, but the most important include: reserve withdrawals, spending reductions, revenue increases, and cost shifts (for example, between funds).
https://lao.ca.gov/Publications/Report/4662

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

Jan 13, 2022 - If the Proposition  98 guarantee were to drop, the Legislature would be able to withdraw this amount to maintain funding for programs. (In some cases, the constitutional formulas would require withdrawals.)
https://lao.ca.gov/Publications/Report/4492

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

Jan 10, 2021 - This means the state took a number of actions to balance the budget —including making withdrawals from reserves and shifting costs —that were larger than necessary. In light of that fact, as well as continued economic uncertainty and anticipated future deficits, we think it is important that the state restore most or all of that resilience.
https://lao.ca.gov/Publications/Report/4309

The 2024-25 Budget: California Community Colleges

Feb 21, 2024 - The Governor must dedicate $78   million of his proposed Proposition   98 Reserve withdrawal for covering the added ongoing cost of the proposed COLA for CCC apportionments and certain CCC categorical programs.
https://lao.ca.gov/Publications/Report/4853