Reserves, Proposition 2, and the Budget Stabilization Account (Panel 1) [Publication Details]

May 7, 2025 - Assembly Budget Subcommittee No. 7 on Accountability and Oversight
https://lao.ca.gov/Publications/Detail/5040

Rethinking California’s Reserve Policy (Panel 2) [Publication Details]

May 7, 2025 - Assembly Budget Subcommittee No. 7 on Accountability and Oversight
https://lao.ca.gov/Publications/Detail/5041

Federal Spending in California [Publication Details]

Feb 20, 2025 - Presented to: Assembly Budget Subcommittee No. 7 on Accountability and Oversight
https://lao.ca.gov/Publications/Detail/4974

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Specifically, our revenue estimates exceed the administration ’s estimates by $5  billion to $7  billion annually from 2026-27 to 2028-29 —differences we consider very minor given the size of the budget and uncertainty in revenue forecasting.
https://lao.ca.gov/Publications/Report/5052

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - These choices included about $11  billion in spending ‑related solutions and $15  billion in all other solutions, including $5.5  billion in temporary revenue increases and a $7  billion withdrawal from the state ’s rainy ‑day fund .
https://lao.ca.gov/Publications/Report/4939

Rethinking California's Reserve Policy

Apr 10, 2025 - Figure  7 shows states ’ rainy day funds as a share of total spending in 2024. On this measure, California ’s reserves rank 29 out of 50. (In fact, Figure  7 likely overstates California ’s reserve balances compared to other states because the data appears to include the SFEU in the state ’s rainy day fund balances, although it is not a true rainy day fund.)
https://lao.ca.gov/Publications/Report/5028

The 2024-25 Budget: Multiyear Budget Outlook

May 23, 2024 - Analysis Budget Year Budget Problem $7  Billion Higher Under LAO Revenue and Spending Estimates. Under our office ’s revenue and spending projections, and assuming the Governor ’s May Revision policies are adopted, the budget problem for this year is $7  billion larger.
https://lao.ca.gov/Publications/Report/4907

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

Jan 13, 2025 - The  June 2024 budget package committed to a total of $28  billion in budget solutions for 2025 ‑26, which included, $12  billion in spending ‑related solutions and nearly $16  billion in all other solutions, including $5.5  billion in temporary revenue increases and a $7  billion withdrawal from the state ’s rainy day fund, the Budget Stabilization Account (BSA).
https://lao.ca.gov/Publications/Report/4951

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net increase of $11  million (7  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. California Consumer Financial Protection Law (CCFPL).
https://lao.ca.gov/Publications/Report/4934/

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net increase of $11  million (7  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. California Consumer Financial Protection Law (CCFPL).
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services