Rethinking California's Reserve Policy

Apr 10, 2025 - We put forward two recommendations to improve reserve policy: Raise the Reserve Cap to 50   Percent by 2055. We first recommend the cap on constitutional reserve deposits be raised from 10  percent to 50  percent of General Fund taxes.
https://lao.ca.gov/Publications/Report/5028

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The spending plan provides an additional three years of expenditure authority for these 50 positions, from 2024-25 to 2026-27, in the amount of $9.4 million from CPUC’s Utilities Reimbursement Account.
https://lao.ca.gov/Publications/Report/4934/

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The spending plan provides an additional three years of expenditure authority for these 50 positions, from 2024-25 to 2026-27, in the amount of $9.4 million from CPUC’s Utilities Reimbursement Account.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - The spending plan provides an additional three years of expenditure authority for these 50 positions, from 2024-25 to 2026-27, in the amount of $9.4 million from CPUC’s Utilities Reimbursement Account.
https://lao.ca.gov/Publications/Report/4934

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

Oct 16, 2023 - Note: Includes augmentations above $50 million BCSH = Secretary for Business, Consumer Services, and Housing Agency and HCD = Department of Housing and Community Development. Appendix 4, Figure 5 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Other General Fund (In millions) Broadband infrastructure —last ‑mile
https://lao.ca.gov/Publications/Report/4788/4

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - For community colleges, the budget also provides (1)  $50  million ongoing for caseload increases in the Student Success Completion Grant program and (2)  $25  million ongoing to increase enrollment by 0.5  percent.
https://lao.ca.gov/Publications/Report/4922

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - There is about a 50‑50 chance the state can afford its ongoing spending level. Using reserves now to maintain the recent spending peak would mean the state would have less reserves available to pay for its core services if revenues declined further or in the event of a recession.
https://lao.ca.gov/Publications/Report/4687

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - In the case of a fiscal budget emergency, the Legislature only can withdraw the lesser of: (1)  the amount of the budget emergency, or (2)  50  percent of the BSA balance (in each year). As  of this writing, the Governor has not called a fiscal budget emergency for 2023 ‑24 or 2024 ‑25.
https://lao.ca.gov/Publications/Report/4819

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

Apr 19, 2023 - If the economy enters a recession, the possibility of a sharp downward revision to revenue estimates —we have estimated by as much as $30  billion to $50   billion —cannot be dismissed. A final complication is the state ’s conformity to the federal Internal Revenue Service rule change that, as a response to the January floods, delayed the 2022 tax filing deadline to October from April.
https://lao.ca.gov/Publications/Report/4762

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - Of this amount, $50  million is to provide financing to the most underserved small businesses, including female owned, minority owned, and small businesses operated in low- to moderate-income tracts.
https://lao.ca.gov/Publications/Report/4452