The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - Yes, as long as the expenditure is maintaining an asset that meets the criteria (that is, the asset is tangible property and has a useful life of ten years and a value of at least $100,000). Statute requires an expenditure to be made “for ” a fixed asset.
https://lao.ca.gov/Publications/Report/4547

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - IHSS solutions have some overlap with Medi-Cal, including terminating services for adults with unsatisfactory immigration status and reinstating the asset test. In addition, the state would lower the IHSS provider overtime cap, among other solutions.
https://lao.ca.gov/Publications/Report/5052

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - In California, periods of extraordinary revenue growth, often fueled by booming asset markets, tend to obscure underlying budget problems only to reveal them later under far more difficult circumstances.
https://lao.ca.gov/Publications/Report/5104

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Under the California Constitution, the CalPERS Board has plenary authority and fiduciary responsibility to invest the pension system ’s assets. The returns on these invested assets constitute the largest funding source for the system.
https://lao.ca.gov/Publications/Report/4887

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - DFAL requires DFPI to establish a regulatory and licensing system for digital financial asset businesses and operators that work with crypto assets (also known as cryptocurrencies). Department of General Services The budget provides $1.4  billion to the Department of General Services (DGS) from various funds, including reimbursements from other state departments.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - DFAL requires DFPI to establish a regulatory and licensing system for digital financial asset businesses and operators that work with crypto assets (also known as cryptocurrencies). Department of General Services The budget provides $1.4  billion to the Department of General Services (DGS) from various funds, including reimbursements from other state departments.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

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

Oct 16, 2023 - Appendix 4, Figure 7 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Resources and Environment General Fund (In Millions) Emergency surge (helitanker contract component) $45 Clean Energy Reliability Investment Plan (SB 846) 100 Diablo Canyon land use planning — Coastal resilience SB 1 implementation 55 Clean Cars 4 All and other equity (ZEV
https://lao.ca.gov/Publications/Report/4788/4

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - Statute defines capital outlay as: “an appropriation for a fixed asset (including land and construction) with a useful life of 10 or more years and a value which equals or exceeds one hundred thousand dollars ($100,000). ” The state could spend more on infrastructure ‑related purposes from a variety of fund sources, including General Fund, Proposition  98 General Fund, and/or some tax ‑revenue supported special funds.
https://lao.ca.gov/Publications/Report/4515

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - However, CalSTRS announced after the close of the 2020 ‑21 fiscal year that the system ’s assets returned 27.2 percent in that year. This investment return experience is well above CalSTRS ’ assumed annual rate of 7 percent.
https://lao.ca.gov/Publications/Report/4472

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

Oct 27, 2021 - Second, the spending plan raises the Medi ‑Cal “asset limit ” —a cap on specified assets for eligible seniors and persons with disabilities. (Once necessary federal approvals are obtained, the asset limit would be eliminated altogether.)
https://lao.ca.gov/Publications/Report/4448