Rethinking California's Reserve Policy

Apr 10, 2025 - Those are: Raise BSA Cap to 20   Percent of General Fund Taxes. The Governor proposes raising the reserve cap from 10 percent of General Fund taxes to 20 percent of General Fund taxes. This would not have any impact on the rules that set aside funds each year, but would mean the state would save more cumulatively over time.
https://lao.ca.gov/Publications/Report/5028

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

Jan 13, 2025 - The Governor has signaled interest in changing the state ’s reserve policy by: (1)  increasing the cap on BSA required deposits from 10  percent of General Fund taxes to 20  percent of General Fund taxes, and (2)  excluding the state ’s reserve deposits from the state appropriations limit.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - This is entirely due to improving income tax collections, which would, under our forecast, end the current year 20  percent higher than two years ago. That being said, the ultimate outcome is highly uncertain.
https://lao.ca.gov/Publications/Report/4939

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

Oct 16, 2023 - Appendix 4, Figure 7 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Resources and Environment General Fund (In Millions) Emergency surge (helitanker contract component) $45 Clean Energy Reliability Investment Plan (SB 846) 100 Diablo Canyon land use planning — Coastal resilience SB 1 implementation 55 Clean Cars 4 All and other equity (ZEV
https://lao.ca.gov/Publications/Report/4788/4

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net decrease of $20  million (1  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. General Fund Reductions. The budget reflects $14.5  million in General Fund reductions in 2024-25 (declining to $1.6  million in 2027-28 and ongoing).
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - This is a net decrease of $20  million (1  percent) from the revised 2023-24 level. We identify some of the major actions taken in the 2024-25 budget process below. General Fund Reductions. The budget reflects $14.5  million in General Fund reductions in 2024-25 (declining to $1.6  million in 2027-28 and ongoing).
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Of this total, about 20  percent have been devoted to prefunding retiree health benefits and 65  percent, nearly $7  billion, have been used for supplemental pension payments to reduce the state ’s unfunded liabilities associated with CalPERS.
https://lao.ca.gov/Publications/Report/4887

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Affected initiatives include (1) Emergency Medical Technician training grants (reduced by $10 million), (2) the Apprenticeship Innovation Fund (reduced by $20 million), and (3) Youth Leadership Corps (reduced by $5 million).
https://lao.ca.gov/Publications/Report/4814

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Revenues increased by nearly 30 percent in 2020-21 and another 20 percent in 2021-22. In the course of allocating the historically large surpluses generated by the revenue surge, General Fund spending increased commensurately.
https://lao.ca.gov/Publications/Report/4762

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - That  said, after adjusting for inflation, anticipated revenues for 2023 ‑24 still would remain about 20  percent higher than before the pandemic. Governor ’s Budget Likely Unaffordable in Future Years.
https://lao.ca.gov/Publications/Report/4687