CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

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

Jan 13, 2025 - The 2024 ‑25 budget package assumed that the Department of Finance would reduce state operations expenditures through two unallocated reductions across most state departments. These included (1)  a $1.5  billion ($760  million General Fund) reduction through the permanent and ongoing reduction of 10,000 vacant positions and the associated funding and (2)  a reduction to General Fund operating expenditures of $2.2  billion in 2024 ‑25 and $2.8  billion in 2025 ‑26 and ongoing.
https://lao.ca.gov/Publications/Report/4951

The 2023-24 Budget: Proposed Fund Shift for CHP and DMV Capital Projects

Feb 27, 2023 - We estimate that the total debt service (including interest) on the $332  million in projects proposed for lease revenue bond financing in 2023 ‑24 would be about $25  million per year for 25 years, resulting in a total cumulative cost of over $600  million.
https://lao.ca.gov/Publications/Report/4710

The 2024-25 Budget: Establishing the Office of the Inspector General for the High-Speed Rail Authority

Feb 8, 2024 - The package also included budget bill language that allows the Department of Finance (DOF) to approve an additional midyear augmentation of up to $1  million no sooner than 30 days after notifying JLBC.
https://lao.ca.gov/Publications/Report/4833

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - As the figure shows, most of the discretionary increases are to finance some capital outlay projects with cash instead of lease revenue bonds. This increases the size of the budget  problem. $800   Million in Other Differences.
https://lao.ca.gov/Publications/Report/4662

The 2020-21 Spending Plan: Transportation

Oct 5, 2020 - The budget includes $16  million on an ongoing basis from Proposition  1A (2008) to support 85 new state staff positions in areas such as information technology (IT), project delivery, and finance. The new state staff positions are expected to replace 103 consultant positions that cost HSRA roughly $34  million annually, thus resulting in nearly $18  million in annual savings.
https://lao.ca.gov/Publications/Report/4272

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

Jan 13, 2020 - In particular, federal decisions around healthcare financing could have significant implications for the state ’s fiscal situation. The Governor ’s proposed 2020 ‑ 21 b udget has some laudable features.
https://lao.ca.gov/Publications/Report/4135

The 2020-21 Budget: Transportation

Feb 10, 2020 - While the state has typically funded the replacement of DMV facilities from the MVA on a pay ‑as ‑you ‑go basis, the administration ’s 2020 ‑ 21 b udget proposes that the construction phase of capital projects be financed through the Public Buildings Construction Fund.
https://lao.ca.gov/Publications/Report/4149

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - Regarding accountability, the Department of Finance indicates that the administration reserves discretion to propos e smaller future base increases were a segment not to demonstrate progress in meeting its  expectations.
https://lao.ca.gov/Publications/Report/4492