Rethinking California's Reserve Policy

Apr 10, 2025 - That is: the state will face revenue downturns in the future, but we can ’t predict when those will occur or how big they will be. This makes the state ’s reserve policy more like an individual saving for retirement.
https://lao.ca.gov/Publications/Report/5028

The State Appropriations Limit

Apr 21, 2021 - For example, counties can use any of the following population adjustments in calculating their limits: ( 1)  t he change in population within the county, ( 2)  t he change in population in the county and all counties that have contiguous borders with it, or ( 3)  t he change in population within the incorporated portion of the county.
https://lao.ca.gov/Publications/Report/4416

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

Oct 27, 2021 - In addition, the budget agreement includes $ 515 m illion ongoing General Fund beginning in 2022 ‑ 23 t o revamp the MCS program. The revamped program results in a significant increase in the number of MCS recipients and MCS award  amounts.
https://lao.ca.gov/Publications/Report/4448

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - Due to a deteriorating revenue picture relative to expectations from June 2022, both our office and the administration have anticipated the state faces a budget problem in t he 2023 ‑24 budget process.
https://lao.ca.gov/Publications/Report/4769

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - Under its own revenue forecast, assuming the suspensions were operative, the administration estimates operating deficits would grow from $7. 6  b illion in 2022 ‑ 23 t o $11. 3  b illion in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4328

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - The Legislature will want t o consider whether the proposal provides sufficient time for planning and whether the schools and public health agencies have the capacity to effectively implement the requirements under the time lines specified.
https://lao.ca.gov/Publications/Report/4309

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - Consequently, extending California Competes will have only a small short-term fiscal impac t but will reduce state tax revenues by unknown, but significant amounts, in years outside the budget window.
https://lao.ca.gov/Publications/Report/4626

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - For t he new program, known as the Community Economic Resilience Fund, program requirements and grant evaluations will be decided jointly by the Governor ’s Office of Planning and Research, LWDA, and the Governor ’s Office of Business Development.
https://lao.ca.gov/Publications/Report/4452