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

May 8, 2020 - As we describe later, funding K ‑ 14 e ducation at the constitutional minimum level would result in substantially lower General Fund costs.) From 2018 ‑ 19 t o 2020 ‑21, General Fund spending on K ‑ 14 e ducation would be $2. 4  b illion lower than the Governor ’s January budget level in the U ‑shaped recession and $2. 3  b illion lower in the L ‑shaped recession.
https://lao.ca.gov/Publications/Report/4228

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

Oct 16, 2023 - It requires each plan to coordinate homelessness funding and services across the region, assign specific roles and responsibilities to each party to the plan, and set forth key actions that each party will tak e to reduce and prevent homelessness.
https://lao.ca.gov/Publications/Report/4788

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Consequently, adjustm ents for increases in lease costs and OE &E are driven by legislative decisions. Lump Sums to Other Entities. In some other areas of the budget, the state provides lump sum amounts —sometimes referred to as block grants —to other entities of government, which those entities manage as part of their own budgets.
https://lao.ca.gov/Publications/Report/4647

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - The state could reform th e underlying tax structure to make it less volatile, which nearly certainly would involve reducing tax rates for higher ‑income earners. Or, the state could address volatility by building reserves —funds that can be saved during upswings and spent during downturns.
https://lao.ca.gov/Publications/Report/4687

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - Some costs for th e ongoing development and operation of larger IT systems (once completed as IT projects) also were excluded from SAL. (For example, some of the development and operations costs for the California Health Eligibility, Enrollment, and Retention System are considered SAL excludable.)
https://lao.ca.gov/Publications/Report/4631

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - Our office forecasts CalWORKs caseload using three primary factors: ( 1)  c urrent economic conditions, ( 2)  e conomic conditions over the last two years, and ( 3)  t he number of Californians ages 0 ‑18.
https://lao.ca.gov/Publications/Report/4306

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - Before the final budget process began in May, the state incurred about $2. 2  b illion in COVID ‑ 19 e xpenditures under the authority provided by S B  89 , S B  117 , and DREOA (as described earlier).
https://lao.ca.gov/Publications/Report/4263

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

Jan 13, 2020 - The Governor proposes no additional deposits into the reserve so it remains at its 2019 e nacted level of $ 900  m illion under this budget proposal. Governor Has a $6   Billion Surplus to Allocate. We estimate the Governor had a $6  b illion surplus to allocate in the 2020 ‑ 21 b udget process.
https://lao.ca.gov/Publications/Report/4135

The State Appropriations Limit

Apr 21, 2021 - In particular, Proposition  30  (201 2) i ncreased —and Proposition  55 (201 6) e xtended —the top marginal rates for the personal income tax, thereby resulting in more state collections from capital gains.
https://lao.ca.gov/Publications/Report/4416

The 2020-21 Budget: Initial Comments on the Governor’s May Revision

May 17, 2020 - To bring state spending down to the minimum guarantee, the May Revision includes $ 6  b illion in reductions to existing K ‑ 12 e ducation programs (subject to the trigger reductions) and $5. 3  b illion in payment deferrals.
https://lao.ca.gov/Publications/Report/4232