Rethinking California's Reserve Policy

Apr 10, 2025 - While the state neared this cap in the 2019 ‑20 budget, the cap has only been operative twice: in 2022 ‑23 and 2023 ‑24. All  told, had there not been a cap on constitutional deposits, the state would have deposited about $2  billion more in reserves.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Similarly, the number of Californians who are unemployed is 25  percent higher than during the strong labor markets of 2019 and 2022. Consumer spending (measured by inflation ‑adjusted retail sales and taxable sales) has continued to decline throughout  2024.
https://lao.ca.gov/Publications/Report/4939

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - The 2021-22 Budget: The Governor’s Suspension Proposal The Governor ’s Suspension Proposal Background The 2019 ‑20 Budget Made Several Programs ’ Costs or Augmentations Subject to Suspension. In the 2019 ‑20 May Revision, the administration anticipated an operating deficit would emerge —absent further actions —under its multiyear projections.
https://lao.ca.gov/Publications/Report/4328

An Update on California’s Cash Management Situation

Aug 31, 2020 - In the remainder of this section, we discuss the reasons the state ’s cash situation remained relatively strong in 2019-20, despite the stresses placed upon it. Disbursements Were Lower Than Anticipated in April Through June.
https://lao.ca.gov/Publications/Report/4266

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Assume Cost ‑Adjusted 2019 ‑20 Funding for Schools and Community Colleges. To estimate the budget problem under the two scenarios, we assume the state funds schools and community colleges in 2020 ‑21 at the enacted 2019 ‑ 20 l evel, adjusted for inflation and attendance.
https://lao.ca.gov/Publications/Report/4228

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - Across the budget window, the state would need to make required BSA deposits of $7.6  billion, which has three components: $1  Billion True Up for 2019 ‑20. Under the administration ’s revenue estimates, the state would need to make a true up deposit of $1  billion in 2019 ‑20.
https://lao.ca.gov/Publications/Report/4418

A Framework for Allocating Federal Recovery Funds [Publication Details]

May 4, 2021 - Estimated at approximately $26 billion, the recovery funds should go a long way toward covering the state’s direct and indirect costs arising from the coronavirus disease 2019 (COVID-19) pandemic. Moreover, beyond a relatively broad set of pandemic-related parameters, the ARP likely provides states with considerable flexibility over how to allocate the funds, presenting the Legislature with a unique opportunity.
https://lao.ca.gov/Publications/Detail/4422

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Under the Governor ’s budget, the minimum guarantee is up $ 302  m illion in 2018 ‑19 and $ 517  m illion in 2019 ‑ 20 c ompared to the estimates from the 2019 ‑ 20 b udget package. For 2020 ‑21, the administration estimates the minimum guarantee is $ 84  b illion, an increase of $2. 5  b illion ( 3  p ercent) over the revised 2019 ‑ 20 l evel.
https://lao.ca.gov/Publications/Report/4135

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - To be eligible, a firm ’s gross receipts must have dropped by at least 20  percent from 2019 to 2020. Firms that file taxes on a fiscal year basis must have incurred a decline of 20  percent or more in 2018 ‑19 as compared to either (1)  2019 ‑20 or (2)  the average of 2019 ‑20 and 2020 ‑21.
https://lao.ca.gov/Publications/Report/4452

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

May 17, 2021 - CDPH = California Department of Public Health; COVID ‑19 = coronavirus disease 2019; CHHS = California Health and Human Services Agency; HHS = Health and Human Services; GARE = Government Alliance on Race and Equity; EMSA = Emergency Medical Services Authority; CalAIM = California Advancing and Innovating Medi ‑Cal; ICF ‑DDs = Intermediate Care Facilities for the Developmentally
https://lao.ca.gov/Publications/Report/4432/2