The 2025-26 Budget: Undertaking Fiscal Oversight

Feb 24, 2025 - Are Programs Designed to Address Well-Defined Problems? The Legislature can first assess whether the problem addressed by the program is well defined. For example, is the program aimed at a well-understood gap or market failure?
https://lao.ca.gov/Publications/Report/4983

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - While our revenue forecast is designed to balance the risk of over- and underestimation, history shows that actual revenues can vary from our median projection by billions or even tens of billions of dollars over a multiyear period.
https://lao.ca.gov/Publications/Report/5052

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The Clean Energy Transmission Program was a part of the Climate Catalyst Revolving Loan Fund and was designed to provide financing for projects involving the construction of infrastructure for clean energy transmission.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The Clean Energy Transmission Program was a part of the Climate Catalyst Revolving Loan Fund and was designed to provide financing for projects involving the construction of infrastructure for clean energy transmission.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Specifically, it authorizes DWR and Caltrans to use the progressive design-build procurement process for the construction of up to eight large public works projects per department. Under the progressive design-build procurement process, a single entity typically designs and constructs a project, an d the construction price is determined through negotiation.
https://lao.ca.gov/Publications/Report/4814

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

Jan 13, 2024 - The Safety Net Reserve was designed to help cover costs of increasing caseload in Medi‑Cal and the California Work Opportunity and Responsibility to Kids (CalWORKs) program in the event of an economic downturn.
https://lao.ca.gov/Publications/Report/4825

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

Oct 16, 2023 - It also includes Chapter  58 of 2023 (S B  146 , Gonzalez), which authorizes the use of two project delivery methods —progressive design ‑build and job order contracting —under certain circumstances.
https://lao.ca.gov/Publications/Report/4788

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

May 17, 2024 - The Safety Net Reserve was designed to help cover costs of increasing caseload in Medi-Cal and the California Work Opportunity and Responsibility to Kids program in the event of an economic downturn.
https://lao.ca.gov/Publications/Report/4902

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - The Fed, in pursuit of price stability (one half of its mandate; the other half being full employment), currently is attempting to cool the economy through more restrictive monetary policy which, by design, dampens demand.
https://lao.ca.gov/Publications/Report/4653

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

Feb 4, 2022 - Compared to waiting to address excess revenues, this option would afford the state more flexibility in designing the reductions. One advantage of this approach is that lowering tax revenues reduces some constitutionally required spending (described above) that otherwi se would be required in addition to meeting the SAL ’s requirements.
https://lao.ca.gov/Publications/Report/4515