Rethinking California's Reserve Policy

Apr 10, 2025 - These problems are also clear when California ’s reserves are compared to other states —California ranks near the top in terms of revenue volatility, but below average in terms of reserves. As such, our recommendations are an honest reflection of the volatility in the state ’s tax system.
https://lao.ca.gov/Publications/Report/5028

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The agreements with these 14 bargaining units will increase state employee compensation costs directly for the rank-and-file and indirectly for excluded employees affiliated with the bargaining unit for the next few years.
https://lao.ca.gov/Publications/Report/4814