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

Apr 19, 2023 - The 2008 Great Recession had brutal effects on both the state ’s economy and budget. Due to its origins in the technology sector, the best analog for the current situation might be the 2001 recession.
https://lao.ca.gov/Publications/Report/4762

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - The budget package appropriates essentially all of the remaining unappropriated Proposition 1A bond (2008) funds —$4.2 billion —for the high ‑speed rail project in 2021 ‑22. The budget package also includes associated budget trailer legislation that establishes a new independent Office of the Inspector General for the High ‑Speed Rail Authority and prioritizes funding the Merced ‑to ‑Bakersfield segment of the project, among other provisions.
https://lao.ca.gov/Publications/Report/4616

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Human Services: Discretionary Spending Proposals in the 2021 ‑22 Budget Package General Fund (In Millions) Expand APS to older adults aged 60 and over and enhance services — Fund county costs associated with CalFresh simplifcations — Augment CFAP monthly benefits to their maximum per household size $24 Expand CFAP benefits to some previously ineligible immigrants — Augment CFAP benefits by 15
https://lao.ca.gov/Publications/Report/4448/1