The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - In other words, the Governor ’s proposal likely provides a larger buffer than necessary if the state ’s goal is to avoid inadvertently exceeding the guarantee in  2025 ‑26. Proposal Worsens the Challenge Posed by Future Budget Deficits.
https://lao.ca.gov/Publications/Report/5110

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

Jan 13, 2025 - In other words, we are not describing the budget condition as having a surplus or a deficit at this time. These concepts are inherently tools of communication, not accounting, and are ultimately somewhat subjective.
https://lao.ca.gov/Publications/Report/4951

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - (In other words, a SAL requirement is the amount of revenue the state is required to allocate in ways that meet its constitutional requirements under Proposition  4.) Specifically, SAL requirements can only be met with: Tax Reductions or Tax Refunds.
https://lao.ca.gov/Publications/Report/4598

Updating Special Education Out-of-Home Care Funding

Feb 23, 2021 - In other words, for the past several years, Out ‑of ‑Home Care funding has not accounted for changes in foster youth counts in each SELPA, the placement of more foster youth with resource families, or the replacement of group homes with STRTPs.
https://lao.ca.gov/Publications/Report/4386

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - In other words, the General Fund receives the benefit when returns are strong and bears the costs when returns are weak. To the extent that projected district contributions to CalSTRS change in the coming months, they are likely to be somewhat higher than current estimates (as we explain in a separate  post).
https://lao.ca.gov/Publications/Report/4473